Stablecoin Market Cap Reaches New High Since May 2022

According to BlockBeats, as of October 14, data from DefiLlama indicates that the total market capitalization of stablecoins has reached $172.735 billion, marking a new high since May 2022. Over the past seven days, the market cap has increased by 0.48%. Among the stablecoins, USDT holds a dominant share, accounting for 69.26% of the total market.