The stablecoin market is experiencing staggering growth, as shown in the market capitalization. Particularly, Tether ($USDT), USDC ($USDC), and Ethena USDe ($USDe) are the top names in the stablecoin market in line with the market cap.
As per the data from CoinMarketCap, the other top-performing stablecoins include Dai ($DAI), World Liberty Financial USD ($USD1), PayPal USD ($PYUSD), Global Dollar ($USDG), USDD ($USDD), Ripple USD ($RLUSD), and United States ($U). This indicates the surging adoption of the stablecoin industry across the market.
Tether Dominates Top Stablecoins in Line with Market Cap at $184,409,715,347
Leading the list of today’s dominant stablecoins is Tether ($USDT). In this respect, the total market capitalization of $USDT has hit the stunning $184,409,715,347. In addition to this, the 24-hour volume of the top stablecoin is $70,270,425,127.
After that, USDC ($USDC) stands as the 2nd top stablecoin, accounting for up to $78,605,445,572 in terms of market cap. The next name is Ethena USDe ($USDe), which now claims a market cap of nearly $5,827,964,633. Additionally, the 4th top stablecoin, Dai ($DAI) stands at $5,364,093,269 in market cap.
PayPal USD and Global Dollar Get Place Among Top-10 List as Stablecoin Payments Grow Worldwide
World Liberty Financial USD ($USD1) is another player with strong position when it comes to market capitalization. It has a market cap of $4,160,610,607. Along with that, claiming the 6th top spot on this list is PayPal USD ($PYUSD). The stablecoin has successfully reached a market cap of almost $4,014,536,870.
According to CoinMarketCap’s list of prominent stablecoins, in line with market cap, it includes Global Dollar ($USDG) in the 7th place. Specifically, $USDG’s current market cap is $2,101,973,505. Next is USDD ($USDD), touching $1,545,009,975 in market capitalization.
Then, with a market cap hitting $1,391,687,519, Ripple USD ($RLUSD) is the 9th leading stablecoin. Concluding the list is United Stables ($U), claiming $1,027,703,117 in cumulative market cap. This overall growth trajectory shows the rising usage of these stablecoins in payments across the globe.
Source: https://blockchainreporter.net/top-stablecoins-based-on-market-capitalization/
