Overview of Stablecoins✨
The total market capitalization of stablecoins in the entire crypto market has surpassed $200 billion.
1. USDT 👉 A collateralized stablecoin issued by Tether, pegged to the US dollar at a 1:1 ratio, with a market share of 70%.
2. $USDC 👉 A stablecoin created by Circle and Coinbase, pegged to the US dollar at a 1:1 ratio, with a market share of 20%.
3. USDe 👉 A stablecoin created by Ethena Labs in a decentralized manner through complex financial strategies, while providing high yields, with a market share of 2.9%.
4. DAI 👉 A decentralized over-collateralized stablecoin issued by MakerDAO, with a market share of 2.3%.
5. $FDUSD 👉 A US dollar-pegged stablecoin issued by First Digital Trust, seen as the next generation stablecoin promoted by Binance Exchange, especially after BUSD (Binance's own stablecoin) faced regulatory pressure; FDUSD is considered one of its alternatives, with a market share of 0.85%.
6. USDS 👉 A new stablecoin launched by Sky Protocol (formerly part of MakerDAO), with a market share of 0.5%.
7. USD0 👉 A stablecoin issued by Usual Labs, supported 1:1 by real-world assets (RWA), primarily US Treasury bonds (T-bonds), with a market share of 0.4%.
8. USDD 👉 A decentralized stablecoin issued by TRON DAO Reserve, designed to maintain a 1:1 value peg with the US dollar, with a market share of 0.37%.
9. BUIDL 👉 Not a traditional stablecoin, but a tokenized fund launched in collaboration between BlackRock (one of the world's largest asset management companies) and Securitize, with a market share of 0.28%.
10. PYUSD 👉 A stablecoin issued by PayPal, with a market share of 0.25%.