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Altcoins

Cardano Tops Every Major Chain In Stablecoin Growth, Up 61% In A Week

Cardano(ADA) led every major blockchain in weekly stablecoin market cap growth, expanding 61% as a wave of fresh minting lifted network liquidity to roughly $54.88 million. Key Points: Cardan

AnonymousCryptoCompass newsroom
May 31, 2026
3 min read
NEWS
Cardano Tops Every Major Chain In Stablecoin Growth, Up 61% In A Week
CryptoCompass editorial visual for altcoins coverage.

Cardano(ADA) led every major blockchain in weekly stablecoin market cap growth, expanding 61% as a wave of fresh minting lifted network liquidity to roughly $54.88 million.

Key Points:

  • Cardano topped all major chains in seven-day stablecoin market cap growth, climbing about 61%.
  • USDCx, Circle's on-chain version of USDC, drove the move with nearly 8 million minted in two days.
  • The network still lacks a direct Tier-1 stablecoin listing, a gap founder Charles Hoskinson keeps raising.

Cardano Liquidity Climbs

Figures from Messari showed Cardano's stablecoin market cap rose 61% over the past seven days, the strongest reading among every major network the firm tracks. Polygon(POL) ranked a distant second near 36%, with World Chain, HyperEVM and XDC Network filling out the rest.

The combined total now sits close to $54.88 million, up about 15% from early March, with most of that gain landing in the past week.

USDCx(USDCX), Circle's on-chain version of USDC(USDC), holds the largest share near 45%, with USDM(USDM) around 27%, USDA(USDA) at 15% and DJED(DJED) close to 6%. Cexplorer data recorded nearly 8 million USDCx minted across the final two days of the reporting window. That single product accounts for much of the weekly jump.

Also Read:Strategy Pulls $30M In Bitcoin Back, Cooling Sell-Off Fears

Hoskinson Eyes Tier-1 Gap

Net stablecoin flow for the current epoch reached about $8.55 million, with roughly $9.57 million minted against just $1 million burned. The balance tilted firmly toward issuance, a sign of net demand for on-chain dollars rather than redemptions. Analysts tend to read such inflows as evidence of widening DeFi activity on a chain.

Even so, Cardano still has no direct integration of a Tier-1 stablecoin such as Circle's native USDC or Tether's USDT(USDT). Founder Charles Hoskinson has raised that point repeatedly, arguing a native listing would deepen liquidity and broaden the network's DeFi base.

ADA Drifts Toward Old Floor

The liquidity build arrives as ADA trades near $0.247, a level that has anchored the token's range since 2021. The coin has slid from its 2025 highs and now tests the lower edge of a multi-year channel that has shaped its price action for years. Analyst Ali Martinez has flagged the zone as a make-or-break test ahead of the monthly close.

The split is striking, with capital flowing onto the chain even as the token's price tests long-term support. Cardano's stablecoin supply had stalled near $38 million through late 2025, so the climb past $54 million marks a clear break from months of flat readings.

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