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Table 7 Top 5 stable coins in terms of market capitalization

From: Cryptocurrency competition: empirical testing of Hayek’s vision of private monies

Cryptocurrency

Market capitalizationa

Price in USD

Pegged to

Tether

67,550,878,447 $

1.00

US-Dollar

USD Coin

52,361,614,842 $

1.00

US-Dollar

Binance USD

19,311,789,101 $

1.00

US-Dollar

Dai

6,971,155,000 $

0.99

US-Dollar

TrueUSD

1,076,655,370 $

0.99

US-Dollar

Bitcoin

383,710,102,295 $

20,017.48

 
  1. Source: coinmarketcap.com
  2. aRetrieved on August 31th 2022