Tether's USDT remains the leading stablecoin with a market cap of $143.3 billion or 60.6% of the total. This article reviews key trends and statistics on USDT and USDC, their market influence, and Solana's platform participation.
Stablecoin Dominance Overview
Currently, USDT leads among stablecoins with $143.3 billion or 60.6% of the total volume. It is followed by USDC with $58.4 billion and a 24.7% share. Most USDT is issued on Ethereum ($75.9 billion), with slightly less on Tron ($63.7 billion) and Solana ($2 billion).
Solana's Role in the Stablecoin Segment
The Solana platform is showing growth in the stablecoin segment. As experts noted: "Since the beginning of the year, the supply of stablecoins in the Solana network has grown from $5 billion to $11.8 billion. The main share is occupied by USDC with $9.2 billion, resembling the situation in the Base network, where this coin also dominates and accounts for 92% of the total volume."
Market Activity Analysis
Santiment analysts recorded a surge in onchain activity - on March 11, the number of USDT transfers reached a six-month high. Experts explained: "When activity with USDT and other stablecoins grows amid falling prices, it is a signal: traders are preparing to buy. Additional pressure from buyers contributes to the recovery of quotations." Kronos Research CEO Vincent Liu also noted that traders often accumulate Tether stablecoins during market downturns to prepare for new entry points.
USDT and USDC continue to be key players in the stablecoin market, significantly impacting the broader cryptocurrency market. Platforms like Solana are increasing their market share, providing new opportunities and trends to watch.
