The stablecoin sector continues to attract global attention, with USDT, **USDC**, and **USDe** leading the list of the most prominent stablecoins by market value. According to data from the Phoenix Group, the total market value of stablecoins has risen to 317.40 billion dollars, accounting for 10.83% of the total cryptocurrency market, reflecting significant growth and increasing reliance on these assets.
USDT maintains its strong lead
Tether (USDT) is at the top, with a market value of 186.7 billion dollars, representing a dominance of 60.53% of the entire market. It also recorded a trading volume of 75.1 billion dollars over 24 hours, reinforcing its position as the most trusted stable asset among both retail and institutional investors.
USDC in second place
USDC ranked second with a market value of 76.7 billion dollars, with a daily trading volume of 10.8 billion dollars, making it the second most popular choice in the market.
USDe occupies third place
USDe ranked third with a market value of 6.3 billion dollars, and a trading volume of 121.9 million dollars over 24 hours, showing good growth for this emerging currency.
The rest of the list
- DAI is in fourth place with a market value of 5.3 billion dollars and a trading volume of 113 million dollars.
- PYUSD is in fifth place with a value of 3.8 billion dollars.
- USD1 is in sixth place with a value of 2.8 billion dollars.
- USDf is in seventh place with a value of 2.1 billion dollars.
- USDG with a value of 1.5 billion dollars.
- RLUSD is in the last place on the list with a value of 1.3 billion dollars.
These figures highlight the continued dominance of USDT and **USDC** in the market, with new currencies like USDe rapidly growing, amid increasing global reliance on stablecoins as a fundamental tool in the world of digital currencies.
