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USDT and USDC dominate stablecoin market with 84.7% share of $302.5B total capitalization

Market News
17 Oct 2026, 15:38 WIB
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USDT and USDC dominate stablecoin market with 84.7% share of $302.5B total capitalization

As of October 17, Tether (USDT) and USD Coin (USDC) together accounted for 84.7% of the $302.5 billion stablecoin market, with a combined market cap of $256.1 billion. USDT held $183.4 billion, while USDC was valued at $72.7 billion. Other stablecoins like Sky Dollar, Dai, and Ethena USDe had significantly smaller market caps. The overall stablecoin market saw a slight 0.34% decline over seven days but a 0.62% increase over 30 days. USDT's market cap grew slightly by 0.09% over 30 days, whereas USDC's declined by 1.43%. This dominance highlights the continued investor preference for these two major stablecoins in the digital asset space.

USDT trades at Rp17.897 on Pluang as of Oct 17, 2026 19:51 WIB, with a market cap of Rp3.311,28 trillion. The 1-day price change is a slight decline of 0.02%. Pluang users show a 55% sell and 45% buy order split, holding USDT for about 91 days on average.

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