CoinGecko categorizes the top stablecoins in terms of their market capitalization. As per the recent data from the platform, Tether (USDT) is at the top with a market cap of $66,007,361,425. USDT is also listed on 365 exchanges and has a 24-hour volume of $38,462,582,388 at press time.
Second on the list is the USD Coin (USDC). USDC has a market cap of $45,044,222,364. It is also listed on 325 exchanges and has a 24-hour volume of $3,571,694,399. The 24-hour volume of USDT is nearly ten times that of USDC.
Binance’s stablecoin follows next, securing the third position on the list. Binance USD (BUSD) currently has a market cap of $18,811,744,646. BUSD is listed on over 130 exchanges and has a 24-hour volume of $11,170,840,819. Fourth on the list is DAI. DAI currently has a market cap of $5,165,152,179. It currently has a 24-hour trading volume of $326,435,085 and is listed on 197 exchanges.
The last one in the top five stablecoins by market cap is FRAX. FRAX has a market cap of $1,023,297,678 and a 24-hour trading volume of $12,953,161. According to CoinGecko data, FRAX is available for trading on 31 exchanges.
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