If everyone issues a stablecoin, nobody has liquidity. That’s the quiet truth teams run into the moment they ship a custom token: depth is thin, spreads flare, and the supposed utility stalls. This piece breaks down why stablecoin liquidity fragments and how to decide between minting your own coin versus leaning on the majors.
We’ll keep this practical. What actually moves size without ugly slippage? Where does liquidity hide across chains? And when do new programs like Visa’s stablecoin rails matter to your decision right now, not just in a press release?
Aspect
What to Know
Market concentration
Total stablecoin cap sits near $308.2B with USDT around 59.6% dominance, so order flow naturally clusters where depth already exists (DeFiLlama stablecoins dashboard).
Cross-chain sprawl
USDT touches roughly 130 networks, which spreads pools and wrapped versions, making aggregate liquidity look big while local depth can be thin (DeFiLlama stablecoins dashboard (USDT multi‑
We współpracy z: https://cryptodaily.co.uk/2026/07/stablecoin-liquidity-custom-tokens-fragment
