Stablecoin market: the key figures
All figures as of 16 August 2026 (), computed daily from primary on-chain and market data. Free to quote and reuse with attribution (CC BY 4.0).
How big is the stablecoin market?
Total stablecoin market capitalisation stands at $297.7 billion as of 16 August 2026, a change of -0.1% over the past seven days. The figure covers par-redeemable fiat-pegged stablecoins only; yield-bearing wrappers and tokenized commodities are tracked separately and never added to this total.
Which stablecoins dominate?
USDT (Tether) holds 61.5% of total stablecoin supply and USDC (Circle) holds 24.1%, as of 16 August 2026.
How concentrated is the market?
The stablecoin market Herfindahl–Hirschman Index (HHI) stands at 4362 as of 16 August 2026; readings above 1,800 are considered highly concentrated under the 2023 US merger guidelines.
How much do stablecoin issuers earn on reserves?
Stablecoin issuers collectively earn an estimated $11.2 billion per year in reserve income at the current 3-month US Treasury bill rate of 3.73%, as of 16 August 2026. This is a stated-assumption estimate, not reported revenue; see the reserve income monitor for the methodology and per-issuer breakdown.
How many stablecoins are tracked?
Stablecoin Beat tracks 304 stablecoins daily across major blockchains.
Go deeper
- Live tracker — per-coin table, volume, velocity
- Market cap history since 2018
- Dominance and concentration (HHI)
- Monthly market reports (citable, DOI-referenced)
- Methodology — definitions and sources
Cite as: Stablecoin Beat Research, “Stablecoin market key figures,” stablecoinbeat.com/now/, retrieved 16 August 2026.