The market capitalization of stablecoins refers to the combined value of different stablecoins whose performance remains productive throughout the day. There is a list of top stablecoins that have achieved a very impressive figure in market cap based on 24-hour volume. One of them has made a significant contribution to the stablecoin market capitalization.
Top stablecoins by market capitalization includes Tether ($USDT), USD Coin ($USDC), Ethena USDe ($USDe), Dai ($DAI), World Liberty Financial USD ($USD1), PayPal USD ($PYUSD), Falcon USD ($USDf), Global Dollar ($USDG), and Ripple USD ($RLUSD). Tether ($USDT) is leading in the pack of top stablecoins with a clear distinction of $68.3B in 24H volume with a market cap of $183.6B, at the time of writing this article. The data is taken from coinmarketcap.
Tether ($USDT) Leads Stablecoin Market with 59.65% Dominance
One of the interesting and important things about the Tether ($USDT) is that it is contributing 59.65% USDT Dominance of the total stable market cap of $314.39B. This remarkable figure explains the real value of $USDT in the entire stablecoin market. USD Coin ($USDC) is runner-up in this list with a market cap of $73.99B, with a last 24H volume of $9.49B. Ethena USDe ($USDe) is also among the stablecoins with the third position in market cap of $6.22B, along with the volume of $133.5M.
Moreover, the next one is Dai ($DAI), who is successfully able to gain fourth position with 24H volume of $110.48M, having $5.3B market cap. World Liberty Financial USD ($USD1) has a market cap of $5.0B with $1.6B previous day volume. PayPal USD ($PYUSD) got a volume of $227.0M and $4.0B of market cap.
Falcon USD and Global Dollar Hold $1.6B Caps as RLUSD Follows Close Behind
Falcon USD ($USDf) is at 7th position in the given list with a unique market cap of $1.6B along with a 24H volume of $1.23M. Global Dollar ($USDG) is the stablecoin that attained the second last position with a market cap of $1.6B and a volume of $23.8M. Last but not least, Ripple USD ($RLUSD) is also a stablecoin that attained the last position in the list with a market cap of $1.5B with a 24H volume of $102.62M.
The Total stable market cap is $314.39B, in which the stablecoins contribute to 13.55% os stable dominance. Tether is the only stablecoin that has its unique value and a major contribution of 59.65% toward stablecoin.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
South Korea plans to allow companies to invest in cryptocurrencies! But they are not allowed to buy USDT and USDC. What is the reason behind this?
South Korea's financial regulatory authorities plan to lift restrictions on corporate investments in crypto assets, but stablecoins like $USDT and $USDC will be excluded mainly due to foreign exchange regulations and capital outflow concerns. Although there is corporate demand for stablecoins, regulators worry that this move could increase speculative risks. Under current laws that have not been amended, the use of stablecoins remains uncertain.
CryptoCity55m ago
Kalshi is in talks with Polymarket for 20 billion in funding, with valuation significantly surpassing the previous round
Kalshi and Polymarket are in talks for a new funding round of $20 billion, with a significant increase in valuation. Kalshi's valuation has risen from $11 billion to approximately $20 billion, an increase of 82%; Polymarket's valuation has increased from $9 billion to approximately $20 billion, a rise of 122%. Prediction markets have grown rapidly over the past two years, driven by major elections and sporting events, and are facing regulatory impacts from the CFTC. The long-term outlook remains bullish.
MarketWhisper2h ago
USDC tops Tether as stablecoin transfers hit all-time high $1.8T
Stablecoins are delivering a liquidity surge unseen in recent cycles, with February marking a record on-chain transfer activity and signaling a shift in how capital moves through crypto markets. Allium’s data shows total stablecoin transfers climbed to $1.8 trillion in February, underscoring a
CryptoBreaking16h ago
Circle Settles $68M in USDC Transfers Across 8 Entities
Circle used USD Coin to settle $68M across eight entities in under 30 minutes via its Circle Mint treasury platform.
The stablecoin workflow replaced bank wires that usually take one to three days, enabling faster intercompany treasury settlements.
Circle Mint maintained treasury
CryptoFrontNews19h ago
In February, the number of stablecoin transactions reached 1.8 trillion, a record high, with USDC accounting for 70%.
Gate News reports that on March 8th, according to data from the Allium website, the number of stablecoin transactions in February reached 1.8 trillion, setting a new monthly record. Among them, USDC transactions accounted for 70% of the total market data, approximately 1.26 trillion, about twice the number of USDT transactions; USDT transactions were approximately 514 billion.
GateNews21h ago
AI agent completes 140 million transactions in nearly 9 months, with 98.6% of USDC transactions
Gate News Report, March 8 — Circle Global Market Head Peter Schroeder cited Enterprise Onchain data showing that over the past nine months, AI agents have completed 140 million payments with a total transaction volume of $43 million. Among these, 98.6% of transactions were settled in USDC, with an average transaction amount of $0.31. Currently, the number of AI agents with purchasing power has exceeded 400,000.
GateNews21h ago
