USDT and USDC Account for 84.7% of $302.5 Billion Stablecoin Market

Tether (USDT) and USD Coin (USDC) together made up 84.7% of the $302.5 billion stablecoin market on Oct. 17, with a combined market capitalization of $256.1 billion. USDT stood at $183.4 billion, while USDC was valued at $72.7 billion. Sky Dollar (USDS) ranked third at $6.9 billion and was the only stablecoin outside the top two above $5 billion. Dai (DAI) and Ethena USDe each had market capitalizations near $4.7 billion. World Liberty Financial USD (USD1) stood at $4.0 billion. The overall market capitalization fell 0.34% over seven days and rose 0.62% over 30 days. Over that 30-day period, USDT’s capitalization increased 0.09%, while USDC’s declined 1.43%. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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