
ON · 2026-10-22 02:31 UTC
Stablecoin Market Cap $300 Billion | USDT & USDC Dominance Explained
Stablecoin market cap reached $300 billion in 2025, with USDT and USDC accounting for roughly 83% of the market. Stablecoins now represent approximately 30% of on-chain transaction volume, driven by DeFi adoption, cross-border payments, institutional participation, and multi-chain integration. Emerging challengers including yield-bearing stablecoins (USDf, Ethena USDe) and regional stablecoins are competing against USDT and USDC dominance.
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