{"id":22054,"date":"2025-03-13T19:13:49","date_gmt":"2025-03-13T17:13:49","guid":{"rendered":"https:\/\/forklog.com\/en\/stablecoin-market-capitalisation-surpasses-ethereum\/"},"modified":"2025-03-13T19:13:49","modified_gmt":"2025-03-13T17:13:49","slug":"stablecoin-market-capitalisation-surpasses-ethereum","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/stablecoin-market-capitalisation-surpasses-ethereum\/","title":{"rendered":"Stablecoin Market Capitalisation Surpasses Ethereum"},"content":{"rendered":"

The market capitalisation of the “stablecoin” segment has reached $236 billion, surpassing that of Ethereum ($230 billion<\/a> at the time of writing).<\/p>\n

<\/p>\n

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Stablecoin capitalisation. Data: CoinGecko<\/a>.\u00a0
<\/figcaption><\/figure>\n

USDT by Tether remains the undisputed leader among stablecoins, with $143.3 billion or 60.6% of the total value. USDC’s figures stand at $58.4 billion and 24.7%, respectively.\u00a0<\/p>\n

The majority of USDT is issued on Ethereum \u2014 $75.9 billion; slightly fewer coins are on Tron ($63.7 billion); and on Solana \u2014 $2 billion.<\/p>\n

\"Tether_to-1\"
USDT supply on various blockchains. Data: tether.to<\/a>.<\/figcaption><\/figure>\n

Despite trailing significantly behind the leader, USDC shows impressive growth. According to CryptoRank<\/a>, the total supply of the second-largest stablecoin by capitalisation has increased by 32%.\u00a0<\/p>\n

The share of the Solana platform in the segment is also growing.<\/p>\n

\n“Since the beginning of the year, the supply of stablecoins on the Solana network has grown from $5 billion to $11.8 billion. The main share is occupied by USDC \u2014 $9.2 billion, reminiscent of the situation on the Base network, where this coin also dominates, comprising 92% of the total volume,” experts noted.<\/cite><\/p><\/blockquote>\n

\"photo_2025-03-13_15-21-14\"
Data: CryptoRank<\/a>.<\/figcaption><\/figure>\n

Is a General “Buy the Dip” Imminent?<\/h2>\n

Analysts at Santiment recorded a surge in on-chain activity \u2014 on March 11, the number of USDT transfers reached a six-month high.<\/p>\n

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? Tether’s on-chain activity has been rapidly rising, with over 143K wallets making transfers yesterday alone (a 6-month high). When $USDT<\/a> & other stablecoin activity spikes during price drops, traders are preparing to buy. Added buy pressure aids in crypto prices recovering. pic.twitter.com\/siFOR7vSf7<\/a><\/p>\n

\u2014 Santiment (@santimentfeed) March 12, 2025<\/a><\/p><\/blockquote>\n