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

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bitcoinBitcoin
$ 70,851.00
$ 70,851.00
1.1%
ethereumEthereum
$ 2,093.88
$ 2,093.88
1.43%
tetherTether
$ 1.00
$ 1.00
0.01%
xrpXRP
$ 1.40
$ 1.40
0.85%
bnbBNB
$ 656.40
$ 656.40
0.8%
usd-coinUSDC
$ 0.999996
$ 0.999996
0.01%

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bitcoin
Bitcoin (BTC) $ 70,851.00
ethereum
Ethereum (ETH) $ 2,093.88
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 1.40
bnb
BNB (BNB) $ 656.40
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
usd-coin
USDC (USDC) $ 0.999996