Market size of algorithmic stablecoin up to August 12, 2025

Published by

Aug 12, 2025

USDS - the replacement to Ethereum stablecoin DAI - spearheaded the market size of so-called algorithmic stablecoins since its launch in December 2024. The proof of concept behind this relatively new group of stablecoins, algorithmic stablecoins, is important for blockchains in Decentralized Finance or DeFi, as it would nearly guarantee a stable digital coin - as the algorithm would try to keep the price at close to

as much as possible - and that is not affected by market sentiment. As of May 19, 2025, USDS has a value of

*******

, reflecting its ongoing adaptation in the market. Algorithmic stablecoins were much smaller in size compared to the top cryptocurrencies in the world.

Estimate of the market capitalization of algorithmic stablecoin from July 2020 to August 12, 2025 (in million U.S. dollars)

Characteristic	USDS (USDS)	Lift Dollar (USDL)	Noble Dollar (USDN) (USDN)	Celo Dollar (CUSD)	Hive Dollar (HBD)	Relend Network USDC - Starknet (RUSDC-STARK)	Alchemix USD (ALUSD)	Pinto (PINTO)	Celo Euro (CEUR)	Liquid Loans USDL (USDL)
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Release date

August 2025

More information

Region

Worldwide

Survey time period

July 2020 to August 12, 2025

Special properties

No figures are available from before December 2020; The chart is interactive: Clicking on the coin names allows for filtering figures per individual stablecoin

Supplementary notes

Monthly figures are as of the end of that particular month.

Figures have been rounded.

Note that due to changing exchange rates, the USD values as reported can change from day to the next. This also applies in retrospect.

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