Over $2.5 trillion in stablecoins has moved across BNB Chain

@BNBCHAIN has quietly become one of the most active stablecoin highways in crypto. According to DefiLlama data, the chain has processed more than $2.5 trillion in cumulative stablecoin volume, with 2025 alone accounting for nearly $1 trillion of that figure. Its current stablecoin supply stands at $13.7 billion.

USDT Still Leads, But the Mix Is Changing

$USDT dominates BNB Chain's stablecoin supply at roughly 67%. But the composition of the remaining share is shifting at pace. Two newer entrants, Circle's yield-bearing $USYC and World Liberty Financial's $USD1, have both moved ahead of $USDC in the chain's stablecoin rankings.

$USYC is Circle's tokenized money market fund, available on BNB Chain and giving eligible developers and traders access to a yield-bearing instrument integrated into existing DeFi protocols. Issued by Hashnote, a Circle subsidiary, USYC is backed by short-term U.S. Treasury bills and reverse repurchase agreements, and launched on BNB Chain with over $1 billion in assets under management. USYC now holds 96.3% of its global supply on BNB Chain.

$USD1, launched on Ethereum and BNB Chain in March 2025 by World Liberty Financial, grew to a circulating supply near $4.5 billion by Q1 2026, making it the fastest-growing fiat-backed stablecoin of the period. Its profile rose sharply when Abu Dhabi's MGX fund announced a $2 billion USD1 deal to acquire a minority stake in Binance. Around 40.3% of USD1's global supply is now routed through BNB Chain.

Broader Growth Context

BNB Chain recorded 133% year-over-year growth in stablecoin market cap through 2025, placing it among the top four chains by stablecoin supply alongside Ethereum, Tron, and Solana. The launch of Four.meme, followed by Binance Alpha, a native token distribution program integrated directly into the Binance ecosystem, catalysed a renewed memecoin boom and sharply increased demand for stablecoin liquidity on the chain.

Measured by network usage rather than supply, BNB Chain leads all blockchains with more than 11 million unique addresses interacting with stablecoins, ahead of Tron and Polygon. With the stablecoin mix diversifying and cumulative volumes compounding, @BNBCHAIN's position as a primary venue for dollar-denominated on-chain activity looks increasingly entrenched.

Sources:
BNB Chain Stablecoin Data, DefiLlama
Circle: USYC Is Now Available on BNB Chain
Stablecoin Market Share by Chain Statistics 2026, CoinLaw