Stablecoin Market Cap Surpasses $172 Billion, Reaches New High Since May 2022

According to BlockBeats, as of September 22, data from DefiLlama indicates that the total market capitalization of stablecoins has exceeded $172 billion, currently standing at $172.83 billion. This marks a new high since May 2022, with a 7-day increase of 0.54%. Among the stablecoins, USDT holds a dominant share of 69.16%.