Does growth surpass stablecoins?

Data shows that stablecoins remain dominant, but they are no longer the only area of expansion.
Tether's (USDT) leads the list with issuances totaling $186.5 billion, followed by Circle with $80 billion in issuances.
These two coins continue to serve as foundational layers for providing liquidity in the market.

However, growth patterns vary.
Tether's platform experienced a slight decrease of 0.1% over the past thirty days, while many smaller platforms focused on yield products have seen faster growth.
This divergence highlights an increasing split between non-yielding cash alternatives and yield-generating digital funds, with digital U.S. Treasury bonds contributing to the latter category.