Stablecoin Market Update — USDT Still Rules the Sector

[bonk]

Tether (USDT) remains the world’s largest stablecoin with a $183.2B market cap, representing nearly 59% of the total market, per CoinGecko.

Ethereum hosts the most USDT in circulation (~$83.4B).

Tron follows closely with ~$78.7B, according to DeFiLlama.

Circle’s USDC ranks second overall with $76.2B.

Together, Ethereum and Tron dominate the global stablecoin economy.

[Abdul Khan]

No surprise here — USDT’s dominance reflects trust and liquidity depth that others still can’t match.

[alex10]

USDT continues to lead, but the real story is how stablecoin ecosystems are becoming financial backbones.

[Couturier]

USDT remains the backbone of crypto liquidity — its grip on the market is still unmatched.

[Swipe]

USDT’s dominance isn’t luck it’s the result of deep liquidity and real global usage.

[Pitchfork_IS_power]

Stablecoins are quietly becoming the backbone of digital finance and USDT is leading that shift.

[Capybara_Capybara]

USDT holding ~59% of the market shows one thing: trust and usability still win.