Stablecoin Market Capitalisation Surpasses $300 Billion

Stablecoin market value tops $300 billion, led by USDT and USDC.

The total market value of stablecoins has exceeded $300 billion. Leading the pack is USDT from Tether, with a figure surpassing $174 billion. Following it is USDC from Circle, with $73.5 billion.

Over the past 90 days, the net inflow into the segment amounted to more than $46 billion, indicating growing demand. According to RWA.xyz, USDT led the inflows in the last quarter with $19.6 billion. USDC ($12.3 billion) and USDe with $9 billion followed in second and third place.

Smaller yet notable inflows were seen by PYUSD from PayPal ($1.4 billion) and USDS from MakerDAO ($1.3 billion).

According to Defi Llama, Tether maintains dominance with a market share of nearly 59%.

Its closest competitor, Circle, holds about 25%. USDe accounts for nearly 5%.

The Ethereum network remains the primary platform for stablecoins, with assets worth $171 billion issued. TRON follows in second place with $76 billion. Networks such as Solana, Arbitrum, and BNB Chain collectively host around $29.7 billion.

According to RWA.xyz, the number of active addresses has decreased by 22.6%, down to 26 million. The volume of transfers fell by 11%, amounting to $3.17 trillion.

In September, analysts at Moody’s highlighted the risks posed by the stablecoin boom to monetary sovereignty and financial stability.