Data: Stablecoin dominance doubles to 15%, while total crypto market capitalization halve during the same period.

According to Huoxun Finance, after the crypto market peaked in September 2025, the stablecoin dominance rate rose from 7.56% to 15%, an increase of nearly 98%. During the same period, the total supply of stablecoins only increased from $285.6 billion to $316 billion, an increase of 10.6%, while the total market capitalization of the crypto market fell from $4.21 trillion to $2.10 trillion, a drop of 50%. The data indicates that the doubling of the stablecoin dominance rate was mainly due to the significant overall decline in the crypto market, rather than being driven by a large increase in the issuance of new stablecoins.