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Stablecoin Market Cap Reaches $267.2 Billion with USDT Share Decline

The total market capitalization of stablecoins sees a slight increase, while USDT's dominance continues to wane, according to DefiLlama data.

USDT

Summary

As of August 4, the total market capitalization of stablecoins in the crypto market has risen to $267.4 billion, reflecting an increase of $1.78 billion or 0.67% from the previous week, with USDT holding a market share of 61.61%.

Terms & Concepts
  • Stablecoins: Cryptocurrencies designed to maintain a stable value relative to a fiat currency or a basket of goods.
  • Market Cap: The total market value of a cryptocurrency, calculated by multiplying its current price by the total supply.
  • USDT: Tether (USDT) is a stablecoin pegged to the US dollar, commonly used in cryptocurrency trading.