Stablecoin Market Capitalization Hits $234.68 Billion, Led by USDT
According to data from DefiLlama, reported by BlockBeats, the total market capitalization of stablecoins has climbed to $234.68 billion, marking a 0.46% increase over the past week. This steady growth underscores continued investor confidence in blockchain-based digital assets with price stability.
As of April 2025, here are the top 10 stablecoins by market capitalization, many of which are available for trading on Binance:
Tether (USDT)
The largest and most widely used stablecoin, pegged to the US dollar.
USD Coin (USDC)
Issued by Circle, USDC is a fully backed and regulated USD-pegged stablecoin.
Dai (DAI)
A decentralized, crypto-collateralized stablecoin managed by the MakerDAO protocol.
TrueUSD (TUSD)
A USD-backed stablecoin known for its transparency and regular attestations.
First Digital USD (FDUSD)
A newer entrant in the stablecoin market, offering USD-pegged stability.
Binance USD (BUSD)
Previously issued by Binance and Paxos, BUSD has seen a decline in circulation due to regulatory changes.
USDD (USDD)
An algorithmic stablecoin launched by the TRON DAO Reserve, aiming for decentralized stability.
Frax (FRAX)
A fractional-algorithmic stablecoin that combines collateralized and algorithmic mechanisms.
Pax Dollar (USDP)
Issued by Paxos, USDP is a regulated stablecoin backed 1:1 by USD reserves.
USDJ (USDJ)
A decentralized stablecoin on the TRON blockchain, backed by collateral assets.
These stablecoins are commonly used for trading, remittances, and as a hedge against volatility in the crypto market. You can access and trade them on Binance via spot markets or peer-to-peer (P2P
Among the array of stablecoins in circulation, Tether (USDT) continues to dominate the landscape, commanding a substantial 61.85% share of the total stablecoin market. Its lead highlights USDT’s entrenched position as the most widely used stablecoin in both centralized exchanges and decentralized finance (DeFi) ecosystems.