Stablecoin Market Cap Reaches New High

According to BlockBeats, data from DefiLlama indicates that the total market capitalization of stablecoins has surged past $206.8 billion, marking a new record high. Over the past week, the market cap has increased by 0.87%. Among stablecoins, USDT holds a dominant market share of 66.5%, with its market value currently reported at $137.545 billion.