Ethereum and Tron dominate the stablecoin market, accounting for 83.9% and worth $144.4 billion

According to CoinGecko data, as of September 23, 2024, Ethereum has the most stablecoins, worth $84.6 billion, accounting for 49.1% of the market share. Tron ranks second in stablecoin size, at $59.8 billion, with a market share of 34.8%. It is followed by BNBChain, with a market value of $5 billion and a market share of 2.9%. Ethereum and Tron account for the vast majority of stablecoins, with all stablecoins on these two blockchains alone accounting for 83.9%, or $144.4 billion.