As reported by Odaily, data from CoinGecko dated September 23, 2024, indicates that Ethereum is the frontrunner in the stablecoin sector, boasting a total valuation of $84.6 billion, which represents 49.1% of the overall market. Following closely behind is Tron, with stablecoins valued at $59.8 billion, accounting for 34.8% of the market share. BNBChain comes in third, holding a market value of $5 billion, or 2.9% of the total.

Together, Ethereum and Tron command a significant portion of the stablecoin market, with their combined value reaching $144.4 billion, which constitutes 83.9% of the entire market for stablecoins.