The stablecoin sector showed steady momentum this week, with data tracked by DefiLlama revealing that the overall market cap for stablecoins climbed to $308.11 billion, marking another milestone at historical highs. This represents marginal growth of 0.13% compared to the previous period.
Within this ecosystem, USDT maintains commanding dominance, capturing 60.64% of the total stablecoin market cap. This substantial share underscores the enduring trust and widespread adoption of Tether’s offering across the crypto industry. The gap between the leading stablecoin and its competitors continues to reflect market preference for established players with proven liquidity and stability track records.
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Stablecoin Market Cap Hits Record Territory as USDT Dominance Continues
The stablecoin sector showed steady momentum this week, with data tracked by DefiLlama revealing that the overall market cap for stablecoins climbed to $308.11 billion, marking another milestone at historical highs. This represents marginal growth of 0.13% compared to the previous period.
Within this ecosystem, USDT maintains commanding dominance, capturing 60.64% of the total stablecoin market cap. This substantial share underscores the enduring trust and widespread adoption of Tether’s offering across the crypto industry. The gap between the leading stablecoin and its competitors continues to reflect market preference for established players with proven liquidity and stability track records.