Data: Stablecoin dominance doubled to 15% as the total crypto market capitalization halved during the same period

According to ChainCatcher, citing CryptoRank.io data, since the peak of the crypto market in September 2025, the stablecoin dominance rate has surged from 7.56% to 15%, an increase of nearly 98%.

However, the total supply of stablecoins only increased from $285.6 billion to $316 billion, a rise of just 10.6%. Over the same period, the total crypto market capitalization dropped sharply from $4.21 trillion to $2.10 trillion, a decrease of 50%.

CryptoRank indicated that this shows the doubling of stablecoin dominance was not driven by a large increase in newly issued stablecoins, but was mainly due to the sharp overall decline in the crypto market.