Data: The dominance of stablecoins has doubled to 15%, while the total market value of the cryptocurrency market has halved during the same period

According to data from CryptoRank.io, since the peak of the cryptocurrency market in September 2025, the dominance of stablecoins has significantly increased from 7.56% to 15%, an increase of nearly 98%.

However, the total supply of stablecoins has only grown from $285.6 billion to $316 billion, an increase of just 10.6%. During the same period, the total market capitalization of the cryptocurrency market has significantly dropped from $4.21 trillion to $2.10 trillion, a decline of 50%.

CryptoRank indicates that this doubling of stablecoin dominance is not driven by a large issuance of new stablecoins, but is mainly due to the overall significant decline of the cryptocurrency market.