Stablecoin Market Cap Analysis

Real-time market capitalization tracking and distribution analysis

Total Market Cap
$276.6B
Live Data
24h Trading Volume
$85.2B
30.8% of MCap
Market Leader
USDT
66.3% Share
Top 2 Dominance
93.7%
USDT + USDC

Market Share Distribution

1
Tether
USDT
$183.4B
66.3%
2
USD Coin
USDC
$75.7B
27.4%
3
Ethena USDe
USDe
$8.6B
3.1%
4
Dai
DAI
$4.5B
1.6%
5
PayPal USD
PYUSD
$2.8B
1.0%

Market Cap by Category

Fiat-Backed
$263.1B
95.1% of market
USDT, USDC, PYUSD
Crypto-Backed
$4.6B
1.7% of market
DAI, LUSD
Algorithmic
$8.9B
3.2% of market
USDe, FRAX

Complete Market Cap Rankings

Rank Stablecoin Category Market Cap 24h Volume Market Share 24h Change
1
Tether
USDT
 Fiat Backed
$183.4B
$76.3B
66.3%
+0.02%
2
USD Coin
USDC
 Fiat Backed
$75.7B
$5.8B
27.4%
-0.01%
3
Algorithmic
$8.6B
$0.2B
3.1%
+0.02%
4
Dai
DAI
 Crypto Backed
$4.5B
$0.1B
1.6%
+0.06%
5
PayPal USD
PYUSD
 Fiat Backed
$2.8B
$0.1B
1.0%
+0.02%
6
Fiat Backed
$1.0B
$2.7B
0.4%
+0.00%
7
Frax
FRAX
 Algorithmic
$0.3B
$0.0B
0.1%
+0.03%
8
Pax Dollar
USDP
 Fiat Backed
$0.1B
$0.0B
0.0%
+0.01%
9
Fiat Backed
$0.1B
$0.0B
0.0%
-0.09%
10
Fiat Backed
$0.0B
$0.0B
0.0%
-0.33%
11
Crypto Backed
$0.0B
$0.0B
0.0%
+0.13%
12
Fiat Backed
$0.0B
$0.0B
0.0%
+0.09%
14
Algorithmic
$0.0B
$0.0B
0.0%
-4.24%

Market Analysis

Market Concentration

The stablecoin market shows high concentration with the top 2 coins (USDT and USDC) controlling 93.7% of the total market.

Category Dominance

Fiat-backed stablecoins represent the largest segment, reflecting institutional preference for traditional currency backing and regulatory compliance.

Growth Drivers
  • GENIUS Act regulatory clarity
  • Institutional adoption
  • Cross-border payment demand
  • DeFi ecosystem growth
Market Outlook

Continued growth expected driven by regulatory acceptance and mainstream financial integration.