Stablecoins市值達到246.50B，因為Tether（USDT）以62.41％的份額領先於該類別

根據Phoenix Group發布的新數據，截至2025年5月16日，Stablecoins的總市值達到了2465億美元。

Stablecoins now account for 7.46% of the total crypto market capitalization, according to new data published by Phoenix Group.

根據Phoenix Group發布的新數據，Stablecoins現在佔加密市值總計總資本化的7.46％。

The total market capitalization of stablecoins reached $246.50 billion as of May 16, 2025. These tokens continue to play a crucial role in trading activity, liquidity provision, and decentralized finance systems.

截至2025年5月16日，Stablecoins的總市值達到了2465億美元。這些代幣在交易活動，流動性提供和分散的財務系統中繼續發揮著至關重要的作用。

The report provides a detailed breakdown of the top-performing stablecoins by market capitalization and trading volume, offering insights into the market’s concentration and the performance of smaller competitors.

該報告通過市值和交易量對錶現最佳的Stablecoins進行了詳細的細分，為市場集中度和較小競爭對手的表現提供了見解。

TOP #STABLECOINS BY MARKET CAPITALIZATION

#StableCoins通過市值

TOTAL #STABLE MARKET CAP – $246.50B

總#stable市值 - $ 246.50B

STABLE DOMINANCE – 7.46%… pic.twitter.com/7ZwTcDzZfl

穩定的優勢 - 7.46％…pic.twitter.com/7zwtcdzzfl

Among the leading stablecoins, Tether (USDT) leads with a market capitalization of $151.0 billion, representing 62.41% of the entire stablecoin market. It also leads in 24-hour trading volume with $87.4 billion exchanged, indicating high turnover and liquidity.

在領先的Stablecoins中，Tether（USDT）以市值為1510億美元，佔整個Stablecoin市場的62.41％。它還帶領24小時交易量，交換了874億美元，表明營業額和流動性很高。

The figures highlight Tether’s persistent presence across centralized exchanges, DeFi protocols, and crypto payment infrastructure. Its market performance places it significantly ahead of all other stablecoins.

這些數字突出了繫繩在集中式交流，FEFI協議和加密支付基礎架構中的持續存在。它的市場績效將其領先於所有其他穩定劑。

However, USDC follows closely with a market cap of $60.6 billion and a daily trading volume of $11.1 billion. Together, USDT and USDC comprise over 85% of the stablecoin market’s total capitalization. This level of concentration suggests that a majority of stablecoin-based activity still relies on two primary assets, even as new tokens continue to emerge.

但是，USDC緊隨其後的是606億美元的市值，每日交易量為111億美元。 USDT和USDC一起佔Stablecoin市場總資本化的85％以上。這種濃度水平表明，即使新令牌繼續出現，大多數基於穩定的活動仍然取決於兩個主要資產。

DAI, USDe Show High Volume-to-Cap Ratios

dai，USDE顯示高量表比率

Among decentralized options, DAI holds a market capitalization of $5.3 billion. But its daily volume of $17.1 billion exceeds its total market value, suggesting an interesting dynamic.

在分散的期權中，DAI持有53億美元的市值。但是，其每日171億美元的每日數量超過了其總市場價值，這表明是一種有趣的動態。

At a market capitalization of $4.9 billion and a daily volume of $150.3 million, USe shows high trading activity relative to its size. This may indicate growing short-term interest or increased integration with newer protocols.

以49億美元的市值和1.503億美元的每日銷售量，相對於其規模，使用表現出很高的交易活動。這可能表明短期興趣不斷增加或與新協議的整合增加。

In another development, PYUSD, a token launched by PayUSD in April 2024, has a market cap of $911.5 million and a trading volume of $19.8 million. The low volume may be due to limited exchange listings or user engagement on-chain. This asset will be closely observed as adoption patterns evolve.

在另一個開發項目中，Pyusd於2024年4月推出的代幣，市值為9.115億美元，交易量為1980萬美元。低容量可能是由於交換列表有限或用戶參與鏈。該資產將被仔細觀察到採用模式的發展。

The latest list also includes USDO and USDY stablecoins. USDO is worth $647.1 million in the market, compared to USDY’s $585.4 million. This showcases the growing diversity of stablecoins. However, neither coin experiences significant trading activity.

最新列表還包括USDO和USDY Stablecoins。 USDO在市場上價值6.471億美元，而USDY的5.854億美元。這展示了穩定蛋白的多樣性。但是，兩枚硬幣都沒有經歷重大的交易活動。

The stablecoin business is heavily centralized, with USDT and USDC holding the largest market shares and providing the bulk of liquidity. Additionally, smaller and lesser-known coins are gaining more attention, hinting at possibilities for their varied use cases.

Stablecoin業務是大量集中的，USDT和USDC持有最大的市場份額，並提供大量的流動性。此外，較小且鮮為人知的硬幣正在引起更多的關注，這暗示了其不同用例的可能性。