The stablecoin market has reached a significant milestone, with its total supply hitting $200 billion. Tether (USDT) continues to lead the market, maintaining its dominance with a supply of $142.9 billion. Following Tether, USDC holds the second-largest supply at $42.3 billion. The stablecoin landscape also includes players like USDe, DAI, FDUSD, and USDS, all contributing to the remaining market share.
This growth comes amid the evolving regulatory environment, notably the Markets in Crypto-Assets Regulation (MiCA), which could potentially reshape the competitive dynamics within the stablecoin sector. Tether's ability to maintain such a vast lead demonstrates its entrenched position despite emerging regulatory challenges.
