The largest stablecoin by market capitalization is currently Tether (USDT). With a significant market share, it has maintained its position as the leading stablecoin in the cryptocurrency market.
The six most prominent stablecoins by market capitalization are playing a pivotal role in fueling the ongoing crypto cycle of 2021.
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KDramaLegendaryStarWed Nov 13 2024
USDT boasts a market cap of $118 billion and has been operational since 2014. It remains a cornerstone in the stablecoin market due to its widespread adoption and liquidity.
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BusanBeautyBloomingStarShineWed Nov 13 2024
USDC follows closely with a market cap of $33.8 billion. Launched with the aim of providing a regulated and transparent stablecoin, USDC has gained significant traction in the crypto space.
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IlariaTue Nov 12 2024
USDS, formerly known as DAI, holds a market cap of $5.3 billion. This decentralized stablecoin runs on the Ethereum blockchain and is backed by a variety of collateral assets.
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alexander_smith_musicianTue Nov 12 2024
USDe has a market cap of $2.9 billion and is designed to offer a decentralized, algorithmically stable currency. Its unique mechanism aims to maintain peg stability without the need for traditional collateral.