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      Stablecoin Supply Remains Steady Amid Cryptocurrency Market Decline

      A recent report from The Block Research highlights that from October 2025 to August 2026, the total supply of stablecoins has stabilized at approximately $290 billion, despite a significant downturn in the cryptocurrency market. During this period, Bitcoin's value plummeted by over 50%, contributing to a total market decline exceeding $2 trillion. Notably, Tether and Circle dominate the stablecoin market, accounting for about 90% of the total supply.

      The report also reveals that stablecoin transaction volumes have surged, surpassing $90 trillion over the past year, more than doubling the figures from 2025. The daily turnover rate for stablecoins has increased from 0.38 times in August 2024 to 0.78 times in August 2026. Major platforms such as Ethereum, Base, Solana, and Tron have varying turnover rates, with Ethereum holding around $147 billion and a turnover rate of 0.51 times per day.

      In terms of regulatory developments, the GENIUS Act was enacted in July 2025, and in April 2026, the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) proposed new classifications for payment stablecoin issuers under the Bank Secrecy Act. This proposal aims to enhance regulatory oversight, with ongoing discussions about its scope. Companies like Paxos and zerohash are adapting to these changes by shifting towards continuous monitoring of on-chain activities, rather than relying solely on initial Know Your Customer (KYC) processes.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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