Dune analytics reports over 200 stablecoins tracked across 37 blockchain networks, with a combined market capitalization exceeding $320 billion. In January 2026, stablecoin transfers surpassed $10 trillion, marking the highest activity since April 2022, with decentralized exchanges (DEXs) responsible for 56% of this volume. Centralized exchanges (CEXs) hold approximately $80 billion in stablecoins, representing the largest share among known holders.

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