The Tether market cap share is at 70.04%. The closest second is USDC at 21.36% of the stable token market capitalization.Stablecoins are integral to the crypto ecosystem. Generally tied to a fiat currency, these tokens are minted on the blockchain and backed by a reserve of said fiat by an external entity. One of the most popular ones is
There are many other stablecoins, with USD Coin and Dai being some of the most prominent ones. The latter is backed by USDC as well as by other cryptos such as Crypto regulation also plays a major role. Paxos is the company that mints Binance USD , a USD-pegged stablecoin launched by Binance and Paxos.
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