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.
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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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