Share of all stablecoin in overall crypto market cap on June 21, 2024

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 seven 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.

在整体加密货币市场中，稳定币的份额低于以太坊（ETH）和比特币（BTC）。这一数据标志着数字资产的显著增长，因为从2021年12月早期的计算结果显示，稳定币的市场份额仅为百分之七。在这些数据中可能发挥作用的是，诸如以太坊等‘常规’加密货币在2022年5月至6月期间经历了显著的价格下跌——进而导致其市值亦随之下降。另一方面，以法定货币支撑的稳定币，如泰达币（Tether）、美元币（USD Coin）和币安美元（Binance USD），受到的影响并不大。尽管如此，算法稳定币泰达币（TerraUSD）及其代币泰拉（LUNA）的崩溃，引发了关于非法定货币支撑的稳定币是否可行的巨大不确定性。