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
SBI VC Trade kicks off retail USDC lending as stablecoins rise
SBI Holdings’ crypto arm, SBI VC Trade, is rolling out a USDC lending product in Japan, enabling retail users to lend Circle’s stablecoin to the platform under fixed-term agreements in exchange for interest. The offering limits per-user exposure to 5,000 USDC, with the loan treated as an asset to SB
CryptoBreaking47m ago
SBI VC Trade Launches Licensed USDC Lending Service in Japan, Stablecoin Moving Toward Yield-Generating Applications
Japan's SBI VC Trade, under the SBI Holdings financial group, will launch USDC lending services in 2026, providing users with annualized returns. This is Japan's first lending service targeting stablecoins, with an anticipated annual interest rate of 5%. This service not only introduces new yield options but also expands the financial applications of stablecoins, demonstrating Japan's emphasis on the legitimacy and operational standards for stablecoin utilization.
区块客7h ago
Circle Appoints Microsoft Veteran to Board of Directors
Gate News: On March 19, Circle, the issuer of USDC, announced the appointment of a senior Microsoft executive to its board of directors. This personnel adjustment comes amid intensifying competition in the AI agent (Agentic) space. Circle, the issuer of USDC, the world's second-largest stablecoin, views this board expansion as an important move in the company's technology strategy positioning.
GateNews7h ago
A new wallet deposits 2 million USDC into HyperLiquid and opens a 10x leveraged HYPE long position.
Gate News report: On March 19, according to Onchain Lens monitoring, a newly created wallet address deposited 2 million USDC to HyperLiquid and opened a 10x leveraged HYPE long position with a holding of 210,000 HYPE, currently worth $8.29 million.
GateNews8h ago
SBI Launches Japan's First Licensed USDC Lending Service with Annual Interest Rates Up to 10%
SBI Holdings subsidiary launches Japan's first public USDC lending service with annual interest rates up to 10%. The product combines blockchain technology to provide high-yield options for investors, and partners with Circle and Startale to expand the USDC ecosystem, driving the development of Japan's stablecoin market.
GateNews10h ago
