The stablecoin market demonstrates expanding user demand through its current $229.98 billion market capitalization.

Stablecoins ensure stability in an unpredictable market because they serve as key assets for trading purposes and decentralized finance (DeFi) applications.

Stablecoins have emerged as a dominant force in the cryptocurrency market showcasing expanding user demand with a current market capitalization of $229.98 billion.

TOP #STABLECOINS BY MARKET CAPITALIZATION

TOTAL #STABLE MARKET CAP – $229.98B

STABLE DOMINANCE – 7.75%…

As of March 5, 2025, stablecoins' share of the total cryptocurrency market reached 7.75%. Tether (USDT) continues to be the biggest stablecoin and it is seen to be largely used for trading purposes.

Leading Stablecoins by Market Value

The market capitalization of Tether (USDT) reached $142.4 billion which positions it as the largest stablecoin.

The extensive use of this stablecoin spans across multiple trading channels which explains its high market percentage. It is also seen that the daily trading volume of this stablecoin reached $115.3 billion rendering it a highly liquid stablecoin. The crypto world relies on USDT as a major element in exchanging cryptocurrencies and cross-border trading alongside lending protocols.

Another stablecoin, USD Coin (USDC), is the second-largest with a market capitalization of $56.6 billion and a 24-hour trading volume of $11.7 billion.

This stablecoin encounters changing market demands after regulatory changes as it stands as one of USDT’s primary rivals in the stablecoin market.

Two significant stablecoins operating in the market comprise USDe with $5.4 billion in market capital and $95.8 million in daily trade activity and DAI which possesses $5.3 billion in market worth alongside $123.2M in daily trading volume through decentralized asset-backed operations.

Emerging Stablecoins in the Market

New stablecoins are regularly appearing in the market and they are seen to be establishing growing market penetration. The stablecoin FDUSD maintains a $3.5 billion market capitalization as it trades $123.2 million per day.

Additionally, USD0, PYUSD, FRAX, and TUSD are among the other stablecoins that contributed $1.0B, $768.1M, $495.3M, and $495.3 million respectively showing a growing diversification in the stablecoin ecosystem. Stablecoins play a critical role in digital asset transactions their adoption and regulatory landscape continue to shape the broader cryptocurrency market.