The market capitalization of stablecoins consists of the combined value of different stablecoins whose performance remains productive throughout the day. There is a list of top stablecoins that have reached a very attractive figure in market cap based on 24-hour volume. One of them has made a significant contribution to the stablecoin market capitalization.
Top stablecoins by market capitalization contain Tether ($USDT), USD Coin ($USDC), Ethena USDe ($USDe), Dai ($DAI), World Liberty Financial USD ($USD1), PayPal USD ($PYUSD), Falcon USD ($USDf), Global Dollar ($USDG), and Ripple USD ($RLUSD).
TOP #STABLECOINS BY MARKET CAPITALIZATION TOTAL #STABLE MARKET CAP – $315.33B STABLE DOMINANCE – 13.44%… pic.twitter.com/SLYHDyrVms
— PHOENIX – Crypto News & Analytics (@pnxgrp) February 26, 2026
Tether ($USDT) is at the first in the pack of top stablecoins with a big difference of $110.9B in 24H volume with a market cap of $183.6B, at the time of writing this article. Phoenix has released this news through its official social media X account.
Tether Shows Stablecoin Market with 59.30% Dominance
One of the interesting and important things about the Tether ($USDT) is that it is participating 59.30% USDT Dominance of the total stable market cap of $315.33B. This unparalleled figure tells the real worth of $USDT in the whole stablecoin market.
USD Coin ($USDC) is runner-up in this list with a market cap of $75.4B, with a last 24H volume of $15.2B. Ethena USDe ($USDe) is also among the stablecoins with the third position in market cap of $6.0B, along with the volume of $215.2M.
In addition, the next one is Dai ($DAI), who is easily able to get fourth position with 24H volume of $137.3M, having $5.3B market cap. World Liberty Financial USD ($USD1) has a market cap of $4.7B with $3.7B last day volume. PayPal USD ($PYUSD) gets a volume of $316.8M and $4.1B of market cap.
Falcon USD and Global Dollar Hold $1.6B Caps as RLUSD Follows Close Behind
Falcon USD ($USDf) is at 7th position in the given list with the 2nd lowest position in market cap of $1.6B, along with a 24H volume of $2.6M. Global Dollar ($USDG) is the stablecoin that confirmed the second last position with a market cap of $1.6B and a volume of $62.8M. Last but not least, Ripple USD ($RLUSD) is also a stablecoin that achieved the last position in the list with a market cap of $1.5B with a 24H volume of $196.9M.
The Total stable market cap is $315.33B, in which the stablecoins contribute to 13.44% of stable dominance. Tether ($USDT) is the only stablecoin that has its highest value and a major involvement of 59.30% toward stablecoins dominance. These values are recorded at the time of observation, which was made on February 26, 2026.
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