Stablecoin transfers fall 19% while supply and holders rise
Thirty-day stablecoin transfers fell 19.18% to $8.31 trillion as market cap rose to $305.29 billion and holders increased to 246.94 million, RWA.xyz reports.
RWA.xyz data show 30-day stablecoin transfer volume declined 19.18% to $8.31 trillion in the period ending April 28, 2026. Over the same interval, stablecoin market capitalization increased 2.06% to $305.29 billion and the number of holders rose 2.32% to 246.94 million. Monthly active addresses edged up 0.26% to 51.28 million.
Net flow figures for the 30-day window through April 28 list Tether’s USDT with the largest inflow at $3.6 billion, followed by Circle’s USDC at $2.0 billion and MakerDAO’s DAI at $1.2 billion. Ethena’s USDe recorded the largest net outflow at $1.1 billion, while Paxos’ PYUSD had $509 million in net outflows.
The drop in aggregate transfer volume occurred at the same time total supply and holder counts increased. Network-level figures reviewed in industry reports show cumulative stablecoin transfer values on Ethereum over the past 12 months exceeded $18 trillion. Data covering Solana indicate the network has processed more than $5 billion in stablecoin volume and that its 30-day average transfer volume rose from $6.7 billion to $7.2 billion as of March 31.
RWA.xyz’s April 28 snapshot provides a short-term view of flows and onchain activity across tokens and networks, illustrating differing trends among individual stablecoins and blockchains.
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