Let's look into stablecoin data on Algorand

Q96. Chart some metrics on the total supply of stablecoins on Algorand. What is the total monthly transaction volume for stablecoins on Algorand? What are the most popular stablecoins monthly? How much of the total stablecoin supply on Algorand is being lent or borrowed? How has the impact of UST’s depeg affected the flow of funds in and out of various stablecoins on Algorand?

As shown above the chart increases monthly and peeks on May 2022 with 2.56B

As shown above at first USDT was more used than USDC but it has changed over time and USDC has flipped USDT on Algorand

Total volume of USDC is more than USDT

The amount of Repaid is 0.42B more than the amount of Borrowed

I have considered only USDT and USDC for solving this bounty

As its shown at first monthly chart we see huge volume increase ,specially USDC on May that UST depeg happened .

flipside

flipside

Let's look into stablecoin data on Algorand

the impact of UST’s depeg