Stablecoins are nearly a $6 billion market, without Libra

Peter A. McKay
Oct 25, 2019 · 1 min read
Image by Jordan Rowland via Unsplash

As of last night, here are the market capitalizations for all the stablecoins I could find on CoinMarketCap. I still might be missing a few obscure ones, to be honest, but this strikes me as a pretty good sample, including all the most active tokens:

  • Tether: $4.1 billion
  • USD Coin: $481 million
  • Paxos Standard: $260 million
  • TrueUSD: $183 million
  • DAI: $87 million
  • MonaCoin: $68 million
  • Stasis Euro: $36 million
  • Gemini Dollar: $8 million

That comes out to almost $6 billion total, including Libra’s market cap of $0, because it doesn’t exist yet. Someone please tell the mainstream press.


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Peter A. McKay

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Consultant and writer focused on Web 3.0. Former award-winning reporter for WSJ, Washington Post, and Vice. Sometime founder and product manager as well.

Indizr

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Indizr is all about Web 3.0, defined loosely as anything that supports decentralization of people’s digital information. Our goal is to spread awareness and understanding of such tech widely, among everyone from geeks to rank newbies.

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