Ethereum And Tron Dominate Stablecoin Market In 2024

According to Odaily, data from CoinGecko as of September 23, 2024, reveals that Ethereum holds the largest amount of stablecoins, valued at $84.6 billion, which constitutes 49.1% of the market share. Tron ranks second with stablecoins worth $59.8 billion, capturing 34.8% of the market. Following closely is BNBChain, with a market value of $5 billion, representing 2.9% of the market share. Ethereum and Tron collectively dominate the stablecoin market, with these two blockchains alone accounting for 83.9% of the total stablecoin value, amounting to $144.4 billion.