Stablecoins at ~16% of crypto market cap

Here is another useful link for analyzing the relationship between total market cap over time and stablecoin market cap over time.

Stablecoins (USDT, USDC, and BUSD) are at ~16% of crypto market cap, up from ~6% at the start of 2021 and ~3% at the start of 2022

case in point why CBDC will likely dominate the "market cap" longterm?

"market cap" because we don't think of fiat that way, more as "amount in circulation"