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
USDC Treasury mints an additional 250 million USDC on the Solana chain
Gate News Report, March 6 — According to Whale Alert monitoring, the USDC Treasury just minted 250 million USDC on the Solana chain, worth approximately $250 million.
GateNews4h ago
MetaDAO community vote approves liquidation proposal for Ranger Finance
MetaDAO community approved the proposal to liquidate Ranger Finance on March 6, including removing RNGR/USDC liquidity, transferring USDC reserves to the MetaDAO team, and returning intellectual property. 5,047,250 USDC will be allocated to RNGR holders, with a snapshot time of March 13 at 8:00.
GateNews10h ago
Jupiter launches on-chain virtual card Jupiter Card, supporting USDC payments
Gate News Announcement, March 6, Jupiter announced the launch of Jupiter Card, an on-chain virtual card fully integrated into Jupiter Mobile. Users can make purchases at all locations accepting Visa using their wallet balance. Jupiter Card is a Visa Infinite and Platinum virtual card, with a transaction fee of 1-1.8%, by
GateNews10h ago
MetaDAO community votes to approve the "Liquidate Ranger Finance" proposal
MetaDAO community voting approved the proposal to liquidate Ranger Finance, remove RNGR/USDC liquidity, and transfer the USDC reserve to MetaDAO, to be distributed proportionally to unlocked token holders. Additionally, the intellectual property of Futarchy governance will be returned to Glint House PTE. LTD. The snapshot will be taken on March 13.
GateNews16h ago
Solana's Largest DEX Aggregator » Jupiter Launches On-Chain Visa Card: Zero Fees for USDC Top-Ups, Aiming to Transform into a Decentralized New Bank
Solana Ecosystem Protocol Jupiter Launches Virtual Visa Card Jupiter Card, Allowing Users to Top Up with USDC Fee-Free and Exchange 1:1 USD. The card can be used at Visa-accepting merchants worldwide and offers two card level options. Jupiter has partnered with Noah with the goal of transforming into a decentralized new bank, providing more financial services and attracting a large user base. Its success remains to be seen before market validation.
動區BlockTempo18h ago
