Despite growing global adoption, stablecoins pegged to the US dollar continue to dominate the market.
As of October, 2026:
- $302.2B in USD-pegged stablecoins
- Just $1.7B in non-USD stablecoins
- USD-pegged assets account for 99.4% of the $303.9B market.
The dollar's dominance clearly extends beyond traditional finance and into the onchain economy.
Will we see other currencies gain meaningful stablecoin market share, or will the dollar remain dominant?