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Where Are Stablecoins Held? A Breakdown of 10 Major Coins Across Blockchains

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Where Are Stablecoins Held? A Breakdown of 10 Major Coins Across Blockchains
  • Ethereum Dominance: Ethereum remains the primary hub, hosting 9 out of 10 major stablecoins, withUSDf (93.1%) andUSDS (92.3%) being almost entirely chain-dependent.
  • Segmented Strategies:USDT leads in payments viaTron (45.9%), whileUSDC dominates DeFi throughEthereum (64.7%) andSolana (11.5%).
  • Institutional Diversification: BlackRock’sBUIDL is the most balanced, split nearly equally betweenEthereum (32.5%),Aptos (30.9%), andBSC (27.9%).
  • Emerging Hubs:Solana has secured its niche as the preferred secondary chain for payment tokens likePYUSD (21.3%) andUSD1 (18.1%).
  • Concentration Risk:USYC (92.6% on BSC) andDAI (82.5% on Ethereum) face high single-chain reliance compared to the distributed nature of newer assets.
  • Ecosystem Breadth:BSC is now the second most diverse network, while Layer 2s likeBase andArbitrum still hold less than 5% of the total supply.
submitted by /u/BrainOnBuffering
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