Stablecoin market cap reaches $303B for USD, $810M for EUR
Summary
The stablecoin market remains heavily dominated by USD-pegged currencies, which account for $303.4 billion of the total market cap, roughly 99% of the global stablecoin market. While there has been some growth in the supply of non-dollar stablecoins, such as the euro and yen, their overall market share remains minimal compared to USD-linked tokens like Tether and USD Coin.
Analysis
Dollar dominance: Recent market data indicates that USD-pegged stablecoins account for roughly 99% of the global stablecoin market, leaving non-dollar currencies with a very small combined share. Non-dollar growth: Euro, yen, and other non-USD stablecoins have expanded in supply, but their overall market share has remained minimal relative to dollar-pegged tokens. Market concentration: The stablecoin market is highly concentrated in a small number of USD-linked tokens, particularly Tether and USD Coin.
Categories
defirwacrypto
Related sources
- https://www.coindesk.com/markets/2026/05/20/non-dollar-stablecoins-are-struggling-to-crack-0-5-of-market-share
- https://crypto.news/stablecoins-are-global-their-oversight-still-stops-at-borders/
- https://www.coinboss.com/pro/stablecoin
- https://stablecoinbeat.com/tracker/
- https://stablecoin.com/market-cap/
- https://www.coingecko.com/en/charts/stablecoins
- https://www.coingecko.com/en/categories/stablecoins?
- https://think.ing.com/downloads/pdf/article/stablecoins-101-uncertain-growth-but-the-stakes-are-high
- https://cryptoticker.io/en/comparison/stablecoin-list/
- https://www.statista.com/statistics/1316053/top-five-stablecoin-market-distribution/