According to BlockBeats, the total market capitalization of stablecoins has reached a new record high of $192.7 billion, as reported by DefiLlama on November 30. This marks a 1.73% increase over the past week, highlighting the growing interest and investment in stablecoins within the cryptocurrency market.
In addition, Tether (USDT) continues to dominate the stablecoin market with a significant market share of 69.72%. Its circulating market capitalization has reached $134.348 billion, reflecting a 1.42% increase over the past week. This growth underscores USDT's position as a leading stablecoin, widely used for trading and transactions across various cryptocurrency exchanges and platforms.