Wu's Review of the Top Ten Stablecoin Projects: Overview of Market Capitalization, Issuers, and Collateral

On June 16th US time, Circle's stock price reached a high of $165.60, closing at $151.06, with a market capitalization of $33.62 billion, up 434% from the issuance price of $31, continuously hitting new highs. Wu Shuo's team compiled statistics on the market capitalization, issuers, and collateral of the top ten stablecoin projects including $USDC (Circle). These stablecoin projects are $USDT, $USDC, $USDS (formerly DAI), $USDE, $USD1, $FDUSD, $PYUSD, $XAUT, $PAXG, and TUSD.