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Here are the six largest stablecoins by market cap size. Data as of Nov. 20, 2024, from CoinMarketCap. Tether (USDT) Market cap: $128.87 billion. Tether is often hailed as the first successful ...
Bernstein, a broker, said that stablecoins’ market capitalization has increasingly decoupled from broader cryptocurrency trends as they gain real-world adoption. The separation is a shift in how ...
Largest cryptocurrencies by market cap 1. Bitcoin (BTC) ... Stablecoins are tied to the value of a specific asset — in Tether’s case, the U.S. dollar. ... Market cap: $12.73 billion. Pi is a ...
Tether Limited also disclosed a net equity of $11.9 billion, and the stablecoin's market capitalization exceeded $114 billion. [5] [6] Tether faces criticism regarding the transparency and verifiability of its claimed fiat reserves. [7] Tether is the largest cryptocurrency in terms of trading volume, holding 70% of the market share among ...
The value of stablecoins of this type is based on the value of the backing currency, which is held by a third party–regulated financial entity. Fiat-backed stablecoins can be traded on exchanges and are redeemable from the issuer. The stability of the stablecoin is equivalent to the cost of maintaining the backing reserve and the cost of ...
According to Forbes in December 2024, USDC primarily competes with Tether, which dominates the market by market capitalization. USDC and Tether nearly reached parity in 2022, but USDC declined coinciding with the Collapse of Silicon Valley Bank , where Circle held reserves.
Stablecoins are wildly popular for easy cross-border payments: Over the past day, ... For instance, among the top 10 stablecoins by market capitalization, eight have a trading volume of around $5 ...
The following is a list of publicly traded companies having the greatest market capitalization, sometimes described as their "market value": [1]. Market capitalization is calculated by multiplying the share price on a selected day and the number of outstanding shares on that day.