In the fast-paced crypto landscape, stablecoins like Tether's USDT are the backbone for traders, including those diving into meme tokens. They provide stability when the market gets wild. Recently, Token Terminal dropped an eye-opening thread on X, spotlighting Tether's top performers in terms of market cap growth over the past 30 days.

The standout? USDTO on the Ink chain, clocking in a massive 53.4% growth. This puts it ahead of other Tether products, all filtered for those with market caps above $100 million.

As you can see in the chart, USDTO on Ink tops the list with a current market cap of $135.4 million. Other notable entries include USDTO on Avalanche at $1.1 billion with 8.3% growth, and the classic USDT on Ethereum holding strong at $97.6 billion but with a more modest 4.8% uptick.

For context, Ink is a Layer 2 blockchain launched by Kraken, built on Optimism's Superchain. It's designed to make DeFi more accessible, bridging the gap between centralized exchanges and decentralized finance. You can learn more about it on their official site.

The thread also includes an extended view with longer-term changes:

Here, we see even more data, like 90-day and 180-day changes, showing how these stablecoins have trended over time. For instance, USDTO on Ink boasts a 114.2% jump in 90 days, highlighting its rapid adoption.

Why does this matter for meme token fans? Stablecoins fuel liquidity on chains where memes thrive. With Ink focusing on DeFi, increased USDTO presence could mean smoother trades, lower fees, and more opportunities for emerging meme projects. If you're trading memes, keeping an eye on stablecoin growth on new chains like Ink could give you an edge.

Tether continues to dominate the stablecoin space, issuing assets across multiple blockchains to meet demand. This growth on Ink signals strong user interest in Kraken's new ecosystem, potentially drawing more developers and traders.

Check out the full thread here for the raw data, and stay tuned to Meme Insider for more updates on how stablecoins intersect with the meme token world.