Stablecoin Market Cap Reaches Record High

According to BlockBeats, the total market capitalization of stablecoins has reached a new all-time high of $190.286 billion, as reported by DefiLlama on November 24. This marks a significant increase of 4.07% over the past week, highlighting the growing interest and investment in stablecoins within the cryptocurrency market. In addition to the overall market growth, Tether (USDT) continues to dominate the stablecoin sector with a market share of 69.86%. Its circulating market capitalization has reached $132.924 billion, reflecting a weekly increase of 4.04%. This substantial market share underscores USDT's role as a leading stablecoin, often used for trading and as a store of value within the digital asset ecosystem.