As of September 17, 2023, coingecko.com reports that the total value of all stablecoin tokens is $123.86 billion. Tether (USDT), the leading stablecoin by market capitalization, holds the top position with $83,050,991,214. USDT’s supply increased by 0.8% over the past month.
The top five stablecoins by market valuation on September 17, 2023.
On Sunday, USDC’s market cap stood at $26.16 billion, with its supply increasing by 0.6% in the past 30 days. DAI’s supply has decreased by 1.1% compared to 30 days ago, currently standing at $3.84 billion. TUSD’s supply has surged, showing a 12.9% increase over the month, bringing its market cap to $3.1 billion. Binance usd (BUSD) has experienced a significant supply decrease of 23.8% over the same period, falling below the $3 billion mark.
With a market cap of $2.49 billion, BUSD now ranks as the fifth-largest stable token by valuation. BUSD is followed by Tron’s USDD, which has increased by 0.7% to reach $724 million. FRAX, Frax’s stablecoin, has seen its supply decrease by 16.5% in the past 30 days, resulting in a current market cap of $669 million. Pax Dollar (USDP) has decreased by 2.4% in the past month, with a market cap hovering around $492 million.
FDUSD has experienced the most significant growth, rising by 52.7% over the 30-day period. FDUSD’s market cap today is $393 million, with approximately $136.72 million in 24-hour trade volume. Liquity USD (LUSD) has seen a 1.8% decrease in supply over the past 30 days and currently has a market cap of around $280 million.
In recent months, stablecoins have seen significant redemptions and lower trade volumes, similar to previous months. Presently, however, redemptions (except for BUSD) have slowed, and the market valuation of fiat-pegged tokens has stabilized. Today’s stablecoin trade volume of approximately $11.55 billion accounts for 54.07% of the day’s total trading volume across the entire crypto economy, reflecting this stability.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
