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Stablecoin Market Cap Climbs to $306.77 Billion, Fueled by USDT Dominance and USDC Growth

DefiLlama reports a 0.87% weekly rise in stablecoin valuations, with USDT holding a 60.17% share and USDC posting 3.62% growth.

USDT
USDC

Summary

DefiLlama data shows the total stablecoin market capitalization reached $306.77 billion, marking a 0.87% increase over the past week. Tether (USDT) leads the sector with $184.572 billion in market value, representing 60.17% of the total. USD Coin (USDC) ranks second at $76.982 billion, recording a 3.62% gain during the same period.

Terms & Concepts
  • Stablecoin: A cryptocurrency pegged to a stable asset like the US dollar, designed to minimize price volatility.
  • USDT: Tether, a widely used stablecoin pegged to the US dollar, known for its large market presence in crypto trading.
  • DefiLlama: A data aggregator for decentralized finance metrics, tracking TVL, market caps, and protocol performance.