Stablecoin Mechanisms by Market Cap | Sharpe Terminal

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Total Stablecoin Mcap (365d)$319.75B+29.51%

Total Mcap

$319.75B

-0.09% 24h

7d Net Issuance

-$2.58B

Top-3 Share

85.3%

Tracked Stables

195

#1

Fiat-backed

91.03%

Market Cap

$291.06B

Distribution

x

#2

Crypto-backed

8.83%

Market Cap

$28.24B

Distribution

x

#3

Algorithmic

0.14%

Market Cap

$452.98M

Distribution

x

#4

Other

0.00%

Market Cap

$5.38M

Distribution

x

#	Mechanism	Market Cap	Share	Distribution
1	Fiat-backed	$291.06B	91.03%	x
2	Crypto-backed	$28.24B	8.83%	x
3	Algorithmic	$452.98M	0.14%	x
4	Other	$5.38M	0.00%	x