Stablecoin Market Overview

Among all stablecoin operations, USDT controls the most significant market share, with major participation also led by USD Coin (USDC) and DAI.

> TOP #STABLECOINS BY MARKET CAPITALIZATION
> TOTAL #STABLE MARKET CAP – $228.83B
> STABLE DOMINANCE – 7.98%
>

The cryptocurrency market depends on stablecoins to deliver equilibrium functions. The total value of all stablecoins currently exceeds $228.83 billion, maintaining a 7.98% share across the cryptocurrency market capitalization.

In-Depth Analysis of Top Stablecoins

Tether (USDT)

USDT stands as the clear market leader with a dominance of 63.42%. The total market capitalization of USDT reaches $142.1 billion, with a 24-hour trading volume exceeding $128 billion. Stablecoin transactions depend heavily on USDT due to its high liquidity and reliability during market declines.

USD Coin (USDC)

USDC holds a significant position behind USDT with a market capitalization of $55.9 billion and a 24-hour trading volume of $11.3 billion. Institutional investors prefer USDC for its regulatory compliance and transparency features.

Other Notable Stablecoins

• USDe: An alternative stablecoin solution with a 24-hour trading volume of $117.6 million and a market cap of $5.8 billion.
• DAI: A decentralized stablecoin with a market capitalization of $5.3 billion and $272.8 million in daily transactions, appealing to those favoring decentralized finance.
• FDUSD: Valued at $2.1 billion with $9.8 billion in daily trades.
• USDO: A smaller player with a market cap of $1 billion and a 24-hour volume of $19.2 million.
• PYUSD: Features a market cap of $696 million and a daily exchange amount of $23.2 million.
• FRAX: With a market cap of $495.3 million and a 24-hour trading volume of $8.1 million, it has an innovative model.
• TUSD: Operates within a market capitalization structure of $494 million and $78.6 million in daily trading activity.

Conclusion

Stablecoins represent an essential segment of cryptocurrency economic value, totaling $228.83 billion. USDT remains at the forefront, providing various options to meet different user needs. These assets are crucial for maintaining liquidity and stability, offering dependable financial resources for digital market investors.