Stablecoin Giants Control 88% of $299B Market! ๐คฏ
The stablecoin landscape is heavily concentrated. $Tether ($188.7B) and Circleโs USDC ($74.3B) together command a massive 88% of the entire $299 billion market.
But growth isnโt uniform. RLUSD (Ripple) is surging with +17.49% growth in the last 30 days, while Ethena is facing headwinds, down -16.80%. ๐
Ethereum dominates as the primary blockchain for stablecoins ($171.7B), but TRON is a significant player with $80B โ over 25% of the total! Larger stablecoins are diversifying across multiple networks, while others remain focused on just one or two. Traditional collateralization still reigns supreme, but innovative models like Ethenaโs are emerging (and experiencing volatility).
