The share of stablecoins within the overall crypto market was below that of Ethereum (ETH) and Bitcoin (BTC). This would mark a significant rise of the digital asset, as earlier calculations from December 2021 indicated a stablecoin market share of ***** percent. What may play a part in these figures is that "regular" cryptocurrencies such as Ethereum saw a significant decline in price between May and June 2022 - leading to their market cap to decline as well. Fiat-backed stablecoins like Tether, USD Coin and Binance USD, on the other hand, were not as impacted. That said, the crash of algorithmic stablecoin TerraUSD and its token Terra (LUNA) led to much uncertainty on whether non-fiat backed stablecoins could work.
The numbers provided have been calculated by Statista; Note that the overall stablecoin market is estimated at roughly 75 different coins, although definitions can vary between sources
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Statista, & CoinGecko, & DefiLlama. (May 16, 2025). Distribution of stablecoin against Bitcoin (BTC), Ethereum (ETH) and other crypto, based on market capitalization on May 16, 2025 [Graph]. In Statista. Retrieved June 06, 2025, from https://www.statista.com/statistics/1316465/top-five-stablecoin-market-distribution/
Statista, und CoinGecko, und DefiLlama. "Distribution of stablecoin against Bitcoin (BTC), Ethereum (ETH) and other crypto, based on market capitalization on May 16, 2025." Chart. May 16, 2025. Statista. Accessed June 06, 2025. https://www.statista.com/statistics/1316465/top-five-stablecoin-market-distribution/
Statista, CoinGecko, DefiLlama. (2025). Distribution of stablecoin against Bitcoin (BTC), Ethereum (ETH) and other crypto, based on market capitalization on May 16, 2025. Statista. Statista Inc.. Accessed: June 06, 2025. https://www.statista.com/statistics/1316465/top-five-stablecoin-market-distribution/
Statista, and CoinGecko, and DefiLlama. "Distribution of Stablecoin against Bitcoin (Btc), Ethereum (Eth) and Other Crypto, Based on Market Capitalization on May 16, 2025." Statista, Statista Inc., 16 May 2025, https://www.statista.com/statistics/1316465/top-five-stablecoin-market-distribution/
Statista & CoinGecko & DefiLlama, Distribution of stablecoin against Bitcoin (BTC), Ethereum (ETH) and other crypto, based on market capitalization on May 16, 2025 Statista, https://www.statista.com/statistics/1316465/top-five-stablecoin-market-distribution/ (last visited June 06, 2025)
Distribution of stablecoin against Bitcoin (BTC), Ethereum (ETH) and other crypto, based on market capitalization on May 16, 2025 [Graph], Statista, & CoinGecko, & DefiLlama, May 16, 2025. [Online]. Available: https://www.statista.com/statistics/1316465/top-five-stablecoin-market-distribution/
