The market capitalization of stablecoins has reached $184.55 billion, making them the largest category of digital assets. Stablecoins like Tether (USDT), USD Coin (USDC), and DAI are anchored to traditional currencies and provide stability during market volatility. Tether is the biggest stablecoin with a market cap of $124.1 billion and is widely used as a trading pair and bridge currency. USD Coin is the second largest stablecoin, regulated by US authorities, and popular among institutional investors and DeFi applications. DAI, backed by smart contracts and collateral, is favored by DeFi users. Other emerging stablecoins such as USDe and FDUSD offer different options and serve specific market segments. These stablecoins play a crucial role in connecting digital and conventional finance while ensuring stability in the unpredictable crypto market.



Other News from Today