The stablecoin sector continues to show remarkable traction around the world. In particular, $USDT, $USDC, and $USDe lead the list of top stablecoins in terms of market capitalization. The rising growth of the stablecoin world has brought its total market capitalization to a staggering $317.4 billion, according to Phoenix Group data. Therefore, this wide adoption highlights the potential for significant upside in the future while the stubcoin market accounts for 10.83% of the cryptocurrency market.
Top #Stablecoins by market capitalization
Total #Stable Market Cap – $317.4 billion
Stable advantage – 10.83%… pic.twitter.com/ryz84MYb3o
— Phoenix – Crypto News and Analysis (@pnxgrp) December 24, 2025
$USDT leads the stablecoin sector with market capitalization reaching $186.7 billion with a 60.53% advantage
Tether ($USDT) claims the top position among stablecoins. In this regard, the company's market capitalization reached $186.7 billion. In addition to this, $USDT's 24-hour trading volume now stands at $75.1 billion, reinforcing its role as the most trusted asset among both individuals and institutions. At the same time, the top stablecoin occupies a huge market power of 60.53%.
Subsequently, $USDC is the second top name within the stablecoin sector. Specifically, the market capitalization of stablecoins reached $76.7 billion. Additionally, $USDC has a 24-hour trading volume of $10.8 billion. In third place is $USDe, with a market capitalization of up to $6.3 billion. Accordingly, the 24-hour trading volume reached $121.9 million.
$DAI, $PYUSD, $USD1 follow stablecoin leaders
In terms of market capitalization, the fourth largest stablecoin is $DAI. Therefore, $DAI's market cap currently stands at $5.3 billion. In parallel, $DAI's 24-hour volume reached $113 million. Since then, the market capitalization of $PYUSD has reached approximately $3.8 billion, with a 24-hour volume of $79 million. Next is $USD1 in 6th place, with its market capitalization and 24-hour volume hovering around $2.8 billion and $1.8 billion, respectively.
Next, $USDf will be added to the list of prominent stablecoins from Phoenix Group at the 7th mark. This position reportedly gives $USDf a market cap of $2.1 billion. At the same time, the 24-hour volume is almost $1 million. Subsequently, $USDG's 24-hour volume and market capitalization were $26.7 million and $1.5 billion, respectively. Last on the list is $RLUSD with a market cap of $1.3 billion and 24-hour volume of $66.7 million.
