Top 10 Stablecoins Based On Market Capitalization

Tether is the most widely used stablecoin, pegged to the US dollar.

Tether

Thick Brush Stroke

Market Cap $104,526,379,085

Image Credit: Vecteezy

1

31 Mar 2024

USDC is another popular stablecoin, also pegged to the US dollar.

USDC

Thick Brush Stroke

Market Cap $32,430,299,273

Image Credit: CoinMarketCap

2

31 Mar 2024

Dai is a stablecoin on the Ethereum blockchain and is pegged to the US dollar.

Dai

Thick Brush Stroke

Market Cap $5,349,590,734

Image Credit: CoinMarketCap

3

31 Mar 2024

First Digital USD (FDUSD) is a stablecoin designed to maintain a 1:1 peg with the US dollar.

FDUSD

Thick Brush Stroke

Market Cap $2,566,351,634

4

31 Mar 2024

Ethena USDe (USDe) is a synthetic dollar protocol built on the Ethereum blockchain

Ethena USDe

Thick Brush Stroke

Market Cap $1,535,754,290

5

31 Mar 2024

USDD is a stablecoin issued by the TRON DAO Reserve pegged to the value of the US dollar.

USDD

Thick Brush Stroke

Market Cap $730,836,333

6

31 Mar 2024

Frax is a unique stablecoin, that uses a hybrid model to maintain its peg to the US dollar.

FRAX

Thick Brush Stroke

Market Cap $648,102,066

7

31 Mar 2024

TrueUSD (TUSD) is another stablecoin aiming to maintain a 1:1 peg to the US dollar.

TUSD

Thick Brush Stroke

Market Cap $494,554,732

8

31 Mar 2024

sUSD, formerly known as nUSD, is a decentralized stablecoin built on the Synthetix

sUSD

Thick Brush Stroke

Market Cap $324,573,579

9

31 Mar 2024

PayPal USD is a stablecoin that’s fully backed by US dollar deposits, US treasuries, and similar cash equivalents.

PYUSD

Thick Brush Stroke

Market Cap $188,378,857

10

31 Mar 2024

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