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

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bitcoinBitcoin
$ 78,051.00
$ 78,051.00
1.28%
ethereumEthereum
$ 2,296.95
$ 2,296.95
0.62%
tetherTether
$ 0.999754
$ 0.999754
0.02%
xrpXRP
$ 1.38
$ 1.38
0.48%
bnbBNB
$ 614.25
$ 614.25
0.53%
usd-coinUSDC
$ 0.999784
$ 0.999784
0.01%

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bitcoin
Bitcoin (BTC) $ 78,051.00
ethereum
Ethereum (ETH) $ 2,296.95
tether
Tether (USDT) $ 0.999754
xrp
XRP (XRP) $ 1.38
bnb
BNB (BNB) $ 614.25
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
usd-coin
USDC (USDC) $ 0.999784