Stablecoin Market Cap Analysis

Real-time market capitalization tracking and distribution analysis

Total Market Cap
$266.9B
Live Data
24h Trading Volume
$47.4B
17.7% of MCap
Market Leader
USDT
68.6% Share
Top 2 Dominance
95.5%
USDT + USDC

Market Share Distribution

1
Tether
USDT
$183.1B
68.6%
2
USD Coin
USDC
$71.8B
26.9%
3
Dai
DAI
$4.6B
1.7%
4
Ethena USDe
USDe
$3.9B
1.5%
5
PayPal USD
PYUSD
$2.7B
1.0%

Market Cap by Category

Fiat-Backed
$258.1B
96.7% of market
USDT, USDC, PYUSD
Crypto-Backed
$4.6B
1.7% of market
DAI, LUSD
Algorithmic
$4.1B
1.5% of market
USDe, FRAX

Complete Market Cap Rankings

Rank Stablecoin Category Market Cap 24h Volume Market Share 24h Change
1
Tether
USDT
 Fiat Backed
$183.1B
$36.8B
68.6%
-0.01%
2
USD Coin
USDC
 Fiat Backed
$71.8B
$10.1B
26.9%
-0.00%
3
Dai
DAI
 Crypto Backed
$4.6B
$0.2B
1.7%
+0.01%
4
Algorithmic
$3.9B
$0.1B
1.5%
-0.00%
5
PayPal USD
PYUSD
 Fiat Backed
$2.7B
$0.2B
1.0%
+0.00%
6
Fiat Backed
$0.4B
$0.1B
0.1%
-0.01%
7
Frax
FRAX
 Algorithmic
$0.2B
$0.0B
0.1%
+0.03%
8
Fiat Backed
$0.0B
$0.0B
0.0%
-0.03%
9
Fiat Backed
$0.0B
$0.0B
0.0%
+0.01%
10
Pax Dollar
USDP
 Fiat Backed
$0.0B
$0.0B
0.0%
-0.00%
11
Crypto Backed
$0.0B
$0.0B
0.0%
-0.12%
12
Fiat Backed
$0.0B
$0.0B
0.0%
-0.05%
14
Algorithmic
$0.0B
$0.0B
0.0%
-0.35%

Market Analysis

Market Concentration

The stablecoin market shows high concentration with the top 2 coins (USDT and USDC) controlling 95.5% 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.