What is stablecoin market capitalization?
Total stablecoin market capitalization is the combined value of the entire stablecoin supply on the cryptocurrency market. There are two main charts: one for all stablecoins and one for fiat-backed stablecoins. These metrics are used in technical analysis to show the condition and dynamics of the stablecoin market.
Fiat-backed stablecoin market cap chart (FIATSTABLE.C)
This chart is calculated by adding the market capitalizations of all fiat-pegged stablecoins (such as USDT and USDC) in the top 100.
All-stablecoin market cap chart (STABLE.C)
This chart is calculated by adding the market capitalizations of all stablecoins in the top 100. Alongside fiat-backed stablecoins, it includes stablecoins pegged to other assets (such as gold or silver).
Fiat-backed stablecoin market cap history
The fiat-backed stablecoin market cap chart, launched by TradingView, dates back to 8 March 2015.
| Year | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| 2025 | 184.51 billion | n/a | n/a | n/a | n/a |
| 2024 | 121.01 billion | 120.97 billion | 186.44 billion | 120.97 billion | +22.53% |
| 2023 | 107.5 billion | 121.14 billion | 263.42 billion | 107.39 billion | +51.60% |
| 2022 | 123.16 billion | 107.48 billion | 137.53 billion | 106.18 billion | +12.71% |
| 2021 | 25.42 billion | 122.85 billion | 123.15 billion | 25.39 billion | -12.51% |
| 2020 | 4.76 billion | 25.14 billion | 25.16 billion | 4.76 billion | +388.62% |
| 2019 | 2.41 billion | 4.77 billion | 4.8 billion | 2.41 billion | +427.32% |
| 2018 | 1.39 billion | 2.4 billion | 2.92 billion | 1.36 billion | +98.41% |
| 2017 | 9.95 million | 1.39 billion | 1.4 billion | 9.95 million | +72.37% |
| 2016 | 951.6 thousand | 6.95 million | 6.96 million | 951.6 thousand | +19953.97% |
| 2015 | 251.6 thousand | 951.6 thousand | 951.97 thousand | 251.6 thousand | +630.52% |
Frequently Asked Questions (FAQ)
➤ What is stablecoin market capitalization in simple terms?
Stablecoin market capitalization refers to the combined value of all stablecoins in circulation, but this chart includes only the top 100. This is because the value outside the first hundred stablecoins is too small to meaningfully affect the calculation.
➤ Why is stablecoin market capitalization so important?
Crypto market analysts examine stablecoin market capitalization for good reason. It can help identify the market phase or the direction of capital flows. In particular, substantial inflows into fiat-backed stablecoins may indicate growing investment interest.
➤ What is the difference between STABLE.C and FIATSTABLE.C?
STABLE.C includes all stablecoins in the top 100, covering fiat-backed coins as well as those pegged to gold (such as XAUT and PAXG) or other tokenized assets. In contrast, FIATSTABLE.C contains only coins pegged to traditional currencies such as the US dollar (for example, USDT and USDC).
