📊 Stablecoin Market Share

Although the overall market is still declining in terms of capitalization and TVL, stablecoins have remarkably remained strong, even seeing a slight increase from October 2025 to now.

Stablecoins have a total market cap of over 316 billion USD, with two major players holding the largest market shares: Tether $USDT (58.16%) and Circle $USDC (24.86%).

Other projects, despite having billion USD in capitalization, have not yet surpassed 3% of the total market share across the industry.

Among the new names, here are some notable stablecoins backed by major financial institutions:

• USD1 backed by World Liberty Financial. Market Cap 4.44 billion USD

• BUIDL backed by BlackRock. Market Cap 2.59 billion USD

• PYUSD backed by PayPal. Market Cap 4 billion USD.