In 2021, the stablecoin market saw significant growth, with the total U.S. dollar-denominated supply reaching $314 billion. Tether remained a dominant player, boasting a market capitalization of $186 billion and a velocity of 166. Ripple Labs’ RLUSD and Circle’s USDC also performed well. Ripple was provisionally approved for a national banking charter, while Circle saw its market capitalization climb to $78.4 billion. Other notable stablecoins include USD1, backed by World Liberty Financial, PayPal USD, and Ethena Labs’ USDe. Each stablecoin has unique features and market performances that set them apart in the growing industry.

Read more at Yahoo Finance: The 7 Fastest-Moving Stablecoins of 2025