Stablecoin market capitalization refers to the total value of various stablecoins whose performance remains productive throughout the day. We have a list of top stablecoins that have achieved very impressive numbers in terms of market capitalization based on 24-hour volume. One of them contributed significantly to the market capitalization of stablecoins.
The top stablecoin by market capitalization is Tether ($USDT), USD coin ($USDC), Athena $USDe ($USDe),Thailand($DAI), World Liberty Financial USD ($USD1), PayPal USD ($PYUSD), FalconUSD ($USDf), global dollar ($USDG), RippleUSD ($RLUSD). Tether ($USDT) leads the top stablecoins with a clear distinction of $68.3 billion in 24-hour volume and $183.6 billion in market capitalization as of this writing. Data comes from CoinMarketCap.
Tether ($USDT) Leads the stablecoin market with a 59.65% advantage
One interesting and important thing about tethers is ($USDT) 59.65% contribution $USDT Dominates with a stable market capitalization of $314.39 billion. This remarkable figure explains the true value of. $USDT across the stablecoin market. US dollar coin ($USDC) is the runner-up on this list with a market capitalization of $73.9 billion and a trading volume of $9.49 billion over the past 24 hours. Ethena $USDe ($USDe) is also one of the stablecoins, ranking third with a market capitalization of $6.22 billion and a circulation of $133.5 million.
Moreover, the next one is Dai ($DAI) managed to grab the 4th position with a 24-hour volume of $110.48 million and a market capitalization of $5.3 billion. World Liberty Financial USD ($USD1) has a market capitalization of $5 billion and yesterday’s volume was $1.6 billion. PayPal USD ($PYUSD) had a volume of $227 million and a market capitalization of $4 billion.
Falcon USD and Global Dollar cap is $1.6 billion $RLUSD following right behind
Falcon US Dollar ($USDf) is at number 7 on the given list, with a unique market capitalization of $1.6 billion and a 24-hour volume of $1.23 million. Global dollar ($USDG) is a stablecoin that ranked second from the bottom with a market capitalization of $1.6 billion and a circulation of $23.8 million. Last but not least, Ripple USD ($RLUSD) is also the stablecoin that ranked at the bottom of the list with a 24H volume of $102.62 million and a market capitalization of $1.5 billion.
The total stable market capitalization is $3143.9 billion, of which stablecoins contribute 13.55% stable control. Tether is the only stablecoin that has its own value and has a significant contribution of 59.65% to stablecoins.
