In the stablecoin market, USDT remains the leader with a 62.42% market share and a capitalization of $158.8 billion. New stablecoins are also showing growth.
Dominant Position of USDT
Tether (USDT) has significantly strengthened its position in the stablecoin market, capturing a 62.42% market share. Its market capitalization has reached $158.8 billion with a trading volume of $98.8 billion in the last 24 hours. This liquidity highlights USDT's activity in both centralized and decentralized markets.
Second Place: USDC and DeFi Developments
Circle, the issuer of USDC, holds second place with a market cap of $62.5 billion and a daily volume of $12.4 billion. While it is much smaller than USDT, compliance with regulations makes USDC a sought-after asset among institutions and fintech platforms in the United States and Europe. DAI and USDe, with a combined market cap of $5.3 billion, are showing significant development in the decentralized finance sector.
New Stablecoins and Their Prospects
New stablecoins such as PYUSD, USDY, and USD0 are gaining traction, albeit with limited liquidity. PYUSD has reached a market cap of $902.4 million, while USDY and USD0 have capitalizations of $637.6 million and $618.4 million, respectively. Their growth emphasizes the potential for diversification in the stablecoin market and the exploration of new models, including algorithmic and collateralized approaches.
The stablecoin USDT continues to hold a dominant position in the market, reinforcing its liquidity and activity. At the same time, new players and alternative approaches indicate that the stablecoin market is still evolving and adapting.
