Defi
What Is Stablecoin Market Cap? Supply, Share and Dominance Explained
The Defiant·November 6, 2026·1 min read
Stablecoin market cap is determined by circulating supply, which changes only through issuance and redemptions, not transfers. A price move can alter market cap without any tokens being issued or redeemed. Understanding this distinction is key to interpreting stablecoin supply and dominance metrics in the crypto market.
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