Stablecoins市值达到246.50B，因为Tether（USDT）以62.41％的份额领先于该类别

根据Phoenix Group发布的新数据，截至2025年5月16日，Stablecoins的总市值达到了2465亿美元。

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

根据Phoenix Group发布的新数据，Stablecoins现在占加密市值总计总资本化的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的总市值达到了2465亿美元。这些代币在交易活动，流动性提供和分散的财务系统中继续发挥着至关重要的作用。

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.

该报告通过市值和交易量对表现最佳的Stablecoins进行了详细的细分，为市场集中度和较小竞争对手的表现提供了见解。

TOP #STABLECOINS BY MARKET CAPITALIZATION

#StableCoins通过市值

TOTAL #STABLE MARKET CAP – $246.50B

总#stable市值 - $ 246.50B

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

稳定的优势 - 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.

在领先的Stablecoins中，Tether（USDT）以市值为1510亿美元，占整个Stablecoin市场的62.41％。它还带领24小时交易量，交换了874亿美元，表明营业额和流动性很高。

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.

这些数字突出了系绳在集中式交流，FEFI协议和加密支付基础架构中的持续存在。它的市场绩效将其领先于所有其他稳定剂。

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紧随其后的是606亿美元的市值，每日交易量为111亿美元。 USDT和USDC一起占Stablecoin市场总资本化的85％以上。这种浓度水平表明，即使新令牌继续出现，大多数基于稳定的活动仍然取决于两个主要资产。

DAI, USDe Show High Volume-to-Cap Ratios

dai，USDE显示高量表比率

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.

在分散的期权中，DAI持有53亿美元的市值。但是，其每日171亿美元的每日数量超过了其总市场价值，这表明是一种有趣的动态。

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49亿美元的市值和1.503亿美元的每日销售量，相对于其规模，使用表现出很高的交易活动。这可能表明短期兴趣不断增加或与新协议的整合增加。

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.

在另一个开发项目中，Pyusd于2024年4月推出的代币，市值为9.115亿美元，交易量为1980万美元。低容量可能是由于交换列表有限或用户参与链。该资产将被仔细观察到采用模式的发展。

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.

最新列表还包括USDO和USDY Stablecoins。 USDO在市场上价值6.471亿美元，而USDY的5.854亿美元。这展示了稳定蛋白的多样性。但是，两枚硬币都没有经历重大的交易活动。

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业务是大量集中的，USDT和USDC持有最大的市场份额，并提供大量的流动性。此外，较小且鲜为人知的硬币正在引起更多的关注，这暗示了其不同用例的可能性。