Real-time market capitalization tracking and distribution analysis
| Rank | Stablecoin | Category | Market Cap | 24h Volume | Market Share | 24h Change |
|---|---|---|---|---|---|---|
|
1
|
Tether
USDT
|
Fiat Backed |
$189.8B
|
$75.1B
|
63.1%
|
+0.02%
|
|
2
|
USD Coin
USDC
|
Fiat Backed |
$76.6B
|
$16.8B
|
25.5%
|
+0.00%
|
|
3
|
USDS
USDS
|
Crypto Backed |
$11.0B
|
$0.1B
|
3.7%
|
+0.00%
|
|
4
|
USD1
USD1
|
Fiat Backed |
$4.5B
|
$1.3B
|
1.5%
|
+0.03%
|
|
5
|
Dai
DAI
|
Crypto Backed |
$4.4B
|
$0.3B
|
1.5%
|
+0.02%
|
|
6
|
Ethena USDe
USDe
|
Algorithmic |
$4.2B
|
$0.5B
|
1.4%
|
+0.03%
|
|
7
|
PayPal USD
PYUSD
|
Fiat Backed |
$3.5B
|
$0.1B
|
1.2%
|
+0.02%
|
|
8
|
Global Dollar
USDG
|
Fiat Backed |
$3.3B
|
$0.6B
|
1.1%
|
+0.00%
|
|
9
|
Ripple USD
RLUSD
|
Fiat Backed |
$1.6B
|
$0.1B
|
0.5%
|
+0.01%
|
|
10
|
GHO
GHO
|
Crypto Backed |
$0.6B
|
$0.0B
|
0.2%
|
+0.02%
|
|
11
|
Usual USD
USD0
|
Fiat Backed |
$0.6B
|
$0.0B
|
0.2%
|
+0.01%
|
|
12
|
First Digital USD
FDUSD
|
Fiat Backed |
$0.4B
|
$0.2B
|
0.1%
|
+0.04%
|
|
13
|
Frax
FRAX
|
Algorithmic |
$0.3B
|
$0.0B
|
0.1%
|
-0.05%
|
|
14
|
Pax Dollar
USDP
|
Fiat Backed |
$0.0B
|
$0.0B
|
0.0%
|
+0.08%
|
|
15
|
Gemini Dollar
GUSD
|
Fiat Backed |
$0.0B
|
$0.0B
|
0.0%
|
+0.01%
|
|
16
|
Binance USD
BUSD
|
Fiat Backed |
$0.0B
|
$0.0B
|
0.0%
|
-0.07%
|
|
17
|
Liquity USD
LUSD
|
Crypto Backed |
$0.0B
|
$0.0B
|
0.0%
|
+0.07%
|
|
18
|
Origin Dollar
OUSD
|
Fiat Backed |
$0.0B
|
$0.0B
|
0.0%
|
+0.06%
|
|
21
|
TerraClassicUSD
USTC
|
Algorithmic |
$0.0B
|
$0.0B
|
0.0%
|
-1.66%
|
The stablecoin market shows high concentration with the top 2 coins (USDT and USDC) controlling 88.6% of the total market.
Fiat-backed stablecoins represent the largest segment, reflecting institutional preference for traditional currency backing and regulatory compliance.
Continued growth expected driven by regulatory acceptance and mainstream financial integration.