The stablecoin supply on Cardano reached $47.68 million, according to DeFiLlama data, following a sharp acceleration that represented an increase of more than 40% in just one week.
The stablecoin-to-total value locked (TVL) ratio exceeded 33%, a threshold that Dori, a Cardano DRep, described as a structural shift in the ecosystem’s DeFi composition. The launch of USDCx was the main catalyst behind the spike: it quickly became the dominant stablecoin on the network by market share.
A stablecoin-to-TVL ratio above 33% indicates that a significant portion of capital within the ecosystem is held in liquid form, available to deploy, rather than being locked in long-term staking or illiquid assets. This improves the depth of lending markets, DEX efficiency and collateral availability. According to Dori, the increase could lay the groundwork for the next phase of DeFi expansion on Cardano, given that higher liquidity tends to precede growth in lending volumes, yield strategies and decentralized trading.
Source: https://defillama.com/stablecoins/cardano
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