Based on the latest available data, here are the top 25 stablecoins, ranked primarily by market capitalization and transaction volume (source: Perplexity):
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- Tether (USDT)
- USD Coin (USDC)
- Binance USD (BUSD)
- Dai (DAI)
- TrueUSD (TUSD)
- USDe (USDE)
- Pax Dollar (USDP)
- USDD
- Frax (FRAX)
- PayPal USD (PYUSD)
- FDUSD (First Digital USD)
- Gemini Dollar (GUSD)
- Liquity USD (LUSD)
- HUSD
- sUSD (Synthetix USD)
- USDK
- EURT (Euro Tether)
- EUROC (Euro Coin)
- XSGD (Singapore Dollar Stablecoin)
- BIDR (Binance IDR)
- IDRT (Rupiah Token)
- XIDR (StraitsX Indonesian Rupiah)
- TRYB (BiLira)
- USDP (Pax Dollar)
- DOLA
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key observations
Market Dominance: Tether (USDT) remains the most dominant stablecoin with the largest market cap of approximately $114.08 billion (1).
Growth and Adoption: The stablecoin market has shown significant growth, reaching a total market cap of about $165.93 billion as of July 2024 (1). Continue reading “the top 25 stablecoins in use today”