🔝 Top 5 Stablecoins (by market cap / circulating supply)🤑🤑
Rank Stablecoin (symbol)
1 Tether (USDT) By far the largest stablecoin dominant in trading volume and liquidity.
2 USD Coin (USDC) Widely used, second‑largest stablecoin by market cap.
3 Ethena USDe (USDe) Newer stablecoin synthetic stablecoin making it to top‑5 by market cap.
4 Dai (DAI) A crypto‑collateralized, decentralized stablecoin top‑tier among non‑fiat‑backed stablecoins.
5 PayPal USD (PYUSD) Among top 5 by market cap as per some 2025 listings.
Key Context & What “By Stock” Means Here
By stock typically maps to market capitalization / circulating supply (. how many coins exist and how large they are in total value), which is a common metric for ranking stablecoins.
The global stablecoin market cap recently crossed USD 300 billion — and most of that value is concentrated in a few top stablecoins.
Combined, the top stablecoins provide the bulk of liquidity and are widely used across exchanges, DeFi, and payments.
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