Stablecoins are nearly a $6 billion market, without Libra

Image by Jordan Rowland via Unsplash

As of last night, here are the market capitalizations for all the stablecoins I could find on CoinMarketCap. I still might be missing a few obscure ones, to be honest, but this strikes me as a pretty good sample, including all the most active tokens:

• Tether: $4.1 billion
• USD Coin: $481 million
• Paxos Standard: $260 million
• TrueUSD: $183 million
• DAI: $87 million
• MonaCoin: $68 million
• Stasis Euro: $36 million
• Gemini Dollar: $8 million

That comes out to almost $6 billion total, including Libra’s market cap of $0, because it doesn’t exist yet. Someone please tell the mainstream press.

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