Stablecoin Market Cap Hits Record $300 Billion, DeFiLlama Reports
The stablecoin market capitalization has exceeded $300 billion, reflecting a 47% YTD growth and signaling greater adoption across decentralized finance and cryptocurrency markets.
USDT
Fact Check
Multiple recent and credible sources corroborate that the stablecoin market capitalization has surpassed the $300 billion record. Several sources (notably DL News and Wu Blockchain) explicitly attribute this data point to DeFiLlama, confirming all parts of the statement. While one source from late September cited DeFiLlama at a slightly lower $295.5 billion, more recent reports from within the last week confirm the $300 billion threshold was crossed, which is consistent with market growth and daily fluctuations.
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Summary
The stablecoin market capitalization reached a new all-time high of $301.609 billion on October 3, 2025, marking a 47% increase year-to-date. USDT’s market share declined to 58.44%, signaling a shift in the market and broader adoption of alternative stablecoins within decentralized finance and crypto trading.
Terms & Concepts
- Stablecoin: A cryptocurrency designed to maintain a stable value by pegging it to a reserve asset such as the US dollar.
- Market Capitalization: The total value of a cryptocurrency's circulating supply, calculated by multiplying its price by the number of coins in circulation.
- DeFiLlama: A data analytics platform tracking metrics related to decentralized finance, including total value locked and market capitalization.