USDT and USDC combined supply grew $1.7B in August, ending a three-month contraction, but remains below historical bull-market expansion thresholds.
DeFi & Yields ·
USDT and USDC combined supply grew $1.7 billion in August following three consecutive months of net outflows totaling $10.8 billion from May through July. While this reversal halts the prior decline, the modest expansion trails historical liquidity buildups—monthly additions have topped $18 billion in 2021 and late 2024, and sustained $8 billion to $12 billion gains during 2025—suggesting the recovery remains in early stages despite Bitcoin climbing from around $60,000 to near $80,000.