The global stablecoin supply hit a value milestone of nearly 190 billion USD in April 2022, but declined in subsequent months. This can be attributed to a shockwave within the crypto market in May 2022, when stablecoin TerraUSD (UST) as well as its backing cryptocurrency Terra (LUNA) saw their prices collapse. This volatility for a digital asset that was long thought to not be volatile brought a level of uncertainty in the cryptocurrency market that was not expected in early 2022. When compared to the overall market size of all cryptocurrencies combined, stablecoin take up roughly 15 percent of the global cryptocurrency market.
Estimate of the stablecoin market capitalization per day from June 2017 to June 21, 2022
(in billion U.S. dollars)
No figures are available from before June 2017; Due to changing exchange rates, the USD values as reported can change from day to the next. This also applies in retrospect
Supplementary notes
Monthly figures are as of the end of that particular month.
The numbers provided have been calculated by Statista using the following stablecoins, in order of importance: Tether (USDT), USD Coin (USDC), Binance USD (BUSD), Dai (DAI), FRAX (FRAX), TrueUSD (TUSD), Pax Dollar (USDP), Neutrino Dollar (USDN), USDD (USDD), Fei USD (FEI), Magic Internet Money (MIM), Alchemix USD (alUSD), Gemini Dollar (GUSD), HUSD (HUSD), Liquity USD (LUSD), Synthetix USD (SUSD), TerraUSD Classic (UST), Frax Share (FXS), DigitalBits (XDB), Celo Dollar (CUSD), Steem Dollars (SBD).
Figures have been rounded.
*The sources failed to track numbers at the end of August 2021. The number for that particular month is an estimate based on what the source provided in late August 2021 and early September 2021.
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Statista. (June 22, 2022). Estimate of the stablecoin market capitalization per day from June 2017 to June 21, 2022 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1315709/stablecoin-market-value/
Statista. "Estimate of the stablecoin market capitalization per day from June 2017 to June 21, 2022 (in billion U.S. dollars)." Chart. June 22, 2022. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1315709/stablecoin-market-value/
Statista. (2022). Estimate of the stablecoin market capitalization per day from June 2017 to June 21, 2022 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1315709/stablecoin-market-value/
Statista. "Estimate of The Stablecoin Market Capitalization per Day from June 2017 to June 21, 2022 (in Billion U.S. Dollars)." Statista, Statista Inc., 22 Jun 2022, https://www.statista.com/statistics/1315709/stablecoin-market-value/
Statista, Estimate of the stablecoin market capitalization per day from June 2017 to June 21, 2022 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1315709/stablecoin-market-value/ (last visited November 22, 2024)
Estimate of the stablecoin market capitalization per day from June 2017 to June 21, 2022 (in billion U.S. dollars) [Graph], Statista, June 22, 2022. [Online]. Available: https://www.statista.com/statistics/1315709/stablecoin-market-value/
