Just a few stablecoins dominate 95% of the stablecoin industry’s value. The best choice depends on how you plan to use them. USDC is ideal for transactions, while Ethena USDe shines for generating yield. Tether and USDC lead the industry, with market caps of $164 billion and $64 billion, respectively.

USDC is the go-to stablecoin for transactions due to wider acceptance. USDC is partnering with Shopify, expanding its usability. PayPal’s stablecoin, PayPal USD, is also gaining traction. Ethena USDe is a top choice for yield strategies, with some investors earning triple-digit yields. It’s growing rapidly, attracting attention in the crypto world.

New stablecoin legislation, like the GENIUS Act, is opening doors for more players and use cases. USDC is a top pick for its liquidity, regulation, and trust. It’s a safe choice for first-time crypto investors. Consider joining Stock Advisor for insights on the 10 best stocks, excluding USDC, for potential high returns.

Author Dominic Basulto holds positions in Circle Internet Group and USDC. The Motley Fool recommends PayPal and Shopify, with positions in both. Consider exploring the top 10 stocks recommended by Stock Advisor for potentially lucrative investments.

Read more at Nasdaq: 6 Stablecoins Account For 95% of the Value of the Stablecoin Market. Here Are the 2 Best Bets for Investors.