DefiLlama’s on-chain stats provide a conflicting story of growing stablecoin market cap & plunging token price.

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bitcoinBitcoin
$ 62,871.00
$ 62,871.00
2.84%
ethereumEthereum
$ 1,709.59
$ 1,709.59
2.88%
tetherTether
$ 0.998928
$ 0.998928
0.02%
xrpXRP
$ 1.15
$ 1.15
3.63%
bnbBNB
$ 580.24
$ 580.24
3.82%
usd-coinUSDC
$ 0.999832
$ 0.999832
0.01%

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bitcoin
Bitcoin (BTC) $ 62,871.00
ethereum
Ethereum (ETH) $ 1,709.59
tether
Tether (USDT) $ 0.998928
xrp
XRP (XRP) $ 1.15
bnb
BNB (BNB) $ 580.24
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
usd-coin
USDC (USDC) $ 0.999832