Stablecoin supply expanded 29% quarter-over-quarter from Q3 to Q4 2021. In that time, the make up of the stablecoin landscape began to change as algo and CDP stables significantly expanded their market share.

We lay the foundation as to why the stablecoin supply is foundational to the overall DeFi ecosystem and then explore in detail the make up of the supply across DeFi and how it is changing.

[Continue reading on Messari](https://messari.io/article/overview-of-stablecoin-supply)