Cardano’s stablecoin market cap jumped 61% in the past week, outpacing all major blockchains tracked by Messari. The total value hit $54.88 million, marking a 15% rise since early March 2026. This spike came despite the network’s ongoing lack of direct integration for Circle’s USDC or Tether’s USDT.
USDCx Takes the Lead
Native tokens dominate Cardano’s market. USDCx makes up 45.2% of the total, followed by USDM at 26.9%. Some 8 million USDCx tokens got minted in the last 48 hours alone. That surge pushed the network’s net stablecoin flow to $8.55 million for the current epoch. Users minted $9.57 million and burned $1 million.
Other Networks Trail Behind
Polygon saw a 36% stablecoin market cap gain over the same period. World Chain managed 10.3%, HyperEVM 7.4%, and XDC Network 3.5%. None matched Cardano’s explosive growth. The gap highlights how Cardano’s native tokens are filling a unique niche while bigger chains wait for Tier-1 partnerships.
The Tier-1 Absence
Cardano still hasn’t landed those USDC or USDT deals. That absence shapes its stablecoin landscape. USDA and DJED round out the market with 15.45% and 5.9% shares. It’s the same story this year as last—hopes for major stablecoin support keep fading. The timing isn’t great with the network’s growth spurt.
What’s Next on the Network
More users are minting stablecoins, but the big question remains. When will Cardano finally secure direct integrations with Circle or Tether? The Foundation hasn’t shared a timeline. Until then, USDCx and homegrown tokens will keep driving growth. The next epoch data arrives Monday morning.
