The stablecoin market tells a familiar story: dollar is king, and it’s not particularly close. Over the past 24 hours, USD-pegged stablecoins posted net market cap gains while their euro-denominated counterparts slipped, reinforcing a dominance gap that spans several orders of magnitude.
The total stablecoin market cap sits at roughly $309.7B, with a 24-hour change of +0.07%. Nearly all of that value, over 99% of total stablecoin volumes, belongs to dollar-pegged tokens. Euro stablecoins, meanwhile, hover between $782M and $788M in total market cap.
The numbers behind dollar dominance
USDC led the charge among dollar stablecoins, posting a 1-day gain of +0.14% on a market cap of approximately $73.3B. Tether’s USDT, the largest stablecoin by far at roughly $184B, saw a marginal decline of -0.03%.
On the euro side, the EUR stablecoin category reported changes ranging from -0.9% to +0.4%, depending on the token. The leading euro stablecoins are EURC at around $430M in market cap and EURCV at approximately $148M.
