WiremarketsPublisher preview
What Is Stablecoin Market Cap? Supply, Share and Dominance Explained
Issuance and redemptions change circulating supply. Transfers do not, and a price move can change market cap without any tokens being issued or redeemed.
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Dextape context
Built from Dextape’s own wire, stories and glossary.
Terms in this story
- Circulating supply
- A provider’s estimate of tokens in public circulation, used to calculate market cap.
- Market cap
- Price multiplied by circulating supply, from the market-data provider.
- Stablecoin
- A token designed to track a reference value, usually the US dollar, through reserves, crypto collateral or an algorithm.