Stablecoin Market Reaches $246.5B As USDT And USDC Dominate 85% Of Sector
USDT and USDC control over 85% of the $246.5B stablecoin market capitalization. DAI and USDe show high trading volumes despite relatively lower market capitalizations. Smaller stablecoins like USDO and USDY reflect increasing diversity in the stablecoin ecosystem. According to new data published by Phoenix Group, the total market capitalization of stablecoins reached $246.50 billion as … Read more