Stablecoin Market Cap Reaches $230.45 Billion, Tether Dominates

According to BlockBeats, data from DefiLlama indicates that the current total market capitalization of stablecoins stands at $230.45 billion, marking an increase of $2.3 billion over the past week. Compared to the same period last year, the stablecoin market cap has grown by 56%. Within the overall market, Tether's USDT maintains a dominant position with a market cap of nearly $144 billion, accounting for 62.6% of the total. Following Tether, Circle's USDC holds a market cap of $59 billion.