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The market capitalization of stablecoins has surpassed 300 billion USD for the first time.
According to data from DeFiLlama, the total market capitalization of stablecoins has officially surpassed the 300 billion USD mark – a historic milestone for the digital asset sector.
In this, Tether (USDT) continues to hold a dominant position with a market share of 58.44%, equivalent to 176.256 billion USD. USD Coin (USDC) follows with a scale of over 74 billion USD. Notably, USDe – the third-largest yield-generating stablecoin – has reached 14.83 billion USD, reflecting the growing interest in yield-bearing stablecoin models.
The milestone of 300 billion USD is seen as a signal that the demand for digital assets remains strong, especially in the context of the cryptocurrency market expanding its applications and liquidity.