Stablecoins Market Cap: USDT Leads, USDC Second in 2024 Ranking
A ranked snapshot of the top stablecoins by circulating supply, with USDT holding the dominant share despite tighter competition from USDC, Ethena's USDe, and bank-issued tokens.
Tether (USDT) is a fiat-backed stablecoin designed to maintain a value pegged to the U.S. dollar, functioning as a digital equivalent of fiat cash within cryptocurrency markets. It belongs to the broader category of USD stablecoins and is issued by Tether Limited, a company incorporated in Hong Kong and governed under the laws of the British Virgin Islands. Unlike volatile cryptocurrencies, each USDT token is intended to be backed by reserves of traditional currency held by the issuer, providing a stable on-chain representation of the dollar. USDT operates across numerous blockchain ecosystems, including Ethereum, Tron, Solana, Avalanche, Near Protocol, Celo, Tezos, Kaia, Aptos, TON, and Kava, which contributes to its wide accessibility. Its primary use case is serving as a liquidity bridge between fiat and digital assets, allowing traders to move in and out of positions on exchanges without relying directly on banking channels. Because of its stability and broad exchange support, USDT is widely used for trading pairs, cross-exchange transfers, and as a settlement asset in decentralized finance applications.
A ranked snapshot of the top stablecoins by circulating supply, with USDT holding the dominant share despite tighter competition from USDC, Ethena's USDe, and bank-issued tokens.
The donation is one of the largest in UK political history and lands on a party whose leader has publicly pushed crypto adoption while its biggest backer is a major Tether shareholder.
102.5M $USDT (≈102.5M) moved from #Binance to Tether Treasury.
Roughly 5% of all stablecoin float now sits on a chain that was a rounding error in the sector two years ago, with Circle, Tether and Paxos all leaning in.
118.6M $USDT (≈118.5M) moved from unknown wallet to #OKEX.
The outflow is concentrated on the two largest non-US venues and lines up with Europe's MiCA migration and a broader rotation into self-custody and onchain yield products.
150M $USDT (≈149.9M) moved from #Bitfinex to Tether Treasury.
119M $USDT (≈118.9M) moved from #Ceffu to #Binance.
150M $USDT (≈150M) moved from Tether Treasury to #Bitfinex.
Liquidity providers in affected pools were urged to withdraw funds after the attacker moved the stolen assets from Solana to Ethereum.
The rapper-turned-streak-bettor picks the wrong side of a Spain-vs-Argentina final; the loss lands as another chapter in his long-running public wagering saga.
Up to a quarter of USDT's reserves sit in assets that won't pass the U.S. stablecoin law, and federal regulators have not yet written the rules Tether would need to follow to stay listed on American…
A celebrity sportsbook slip is not a market signal, but the USDT settlement is a reminder that stablecoins now clear bets that used to move through bank wires.
Federal legitimacy is accelerating enterprise adoption and incumbent investment, but unfinished rules still leave operators facing costly integration reviews.
The freeze shows Tether acting as an enforcement node on behalf of Western sanctions, while parallel moves in Washington and London point to a coordinated push to put stablecoins inside the same…
The account bundles a stablecoin debit card, fee-free USDT transfers and Aave USDT0 yield into tiers priced in XPL, a structure that ties consumer onboarding directly to a DeFi lending market.
The Block Research lines the duopoly up side by side: reserve composition, regulatory posture, and where each issuer sits as the stablecoin sector matures.
1.389 billion USDT moved on Binance P2P in Venezuela over a single month, equivalent to roughly 75% of national oil export revenue, a dollar-substitution signal that reaches past the crypto page.
Beyond the $53B price tag, a Stripe-PayPal merger would consolidate merchant rails, 440M consumer wallets, and three competing stablecoin stacks under one roof, with antitrust and the new US…
The investment slots Tether deeper into Latin American fintech distribution on the same day Allianz X closed a $197M round first led in March, a structural bet on stablecoin rails across the region.
Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S.
Tether (USDT) is categorised as: Stablecoins, USD Stablecoin, Solana Ecosystem.
The official Tether site is https://tether.to/.
Most recent Tether coverage: "Stablecoins Market Cap: USDT Leads, USDC Second in 2024 Ranking" — read at /en-US/a/stablecoins-market-cap-usdt-leads-usdc-second-in-2024.