$USDT Leads Stablecoin Sector as Market Cap Hits $186.7B with 60.53% Dominance
Tether ($USDT) claims the top position among the stablecoins. In this respect, its market capitalization has reached the $186.7B. In addition to this, the 24-hour volume of $USDT is now standing at $75.1B, strengthening its role as the most trusted asset among retail and institutional alike. At the same time, the top stablecoin accounts for a huge 60.53% market dominance.
Subsequently, $USDC is 2nd top name within the stablecoin sector. Specifically, the stablecoin has reached the $76.7B mark in terms of market capitalization. Additionally, $USDC’s 24-hour volume stands at $10.8B. In the 3rd position is $USDe, having a market capitalization of up to $6.3B. Along with that, its 24-hour volume has touched $121.9M.
$DAI, $PYUSD, and $USD1 Follow Stablecoin Leaders
The 4th top stablecoin is $DAI when it comes to market capitalization. Thus, $DAI’s market cap is currently sitting at $5.3B. In parallel, $DAI’s 24-hour volume has hit $113.0M. Coming after that, $PYUSD has attained a market cap of nearly $3.8B while the 24-hour volume thereof is $79.0M. Next, $USD1 has claimed the 6th spot, with its market cap and 24-hour volume hovering around $2.8B and $1.8B, respectively.
Moving on, Phoenix Group’s list of prominent stablecoins adds $USDf in the 7th mark. In this position, $USDf reportedly has a $2.1B in its market capitalization. Simultaneously, its 24-hour volume is almost $1.0M. After that, $USDG’s 24-hour volume and market cap have claimed that $26.7M and $1.5B, respectively. At the end of the list is $RLUSD with $1.3B in its market cap and $66.7M in its 24-hour volume.
