Stablecoin supply plateaus near $310B amid US/EU rules and higher Treasury yields

Axis co-founder Jimmy Xue says stablecoin issuance has shifted from rapid expansion to consolidation as stricter US and EU rules raise compliance costs and reserve standards. Industry data shows total supply has hovered near $310 billion since October, while higher US Treasury yields curb speculative minting and emphasize payments and short-duration liquidity.