According to the latest blockchain market data, the stablecoin ecosystem is rapidly growing. The total market capitalization of all stablecoins has reached $306.775 billion, recording an increase of approximately 0.87% over the past 7 days(, with an additional $26.39 billion). This indicates that the importance of stablecoins as a store of value in the cryptocurrency market continues to rise.
**USDT Still Dominates Over Half of the Market**
In terms of market share, USDT maintains a dominant position with 60.17%, with a market cap of approximately $184.572 billion. One noteworthy trend is USDC, whose latest data shows a market cap of about $7.588 billion, experiencing a slight decrease of -0.09% over the past 7 days.
**Emerging Stablecoins Make Strides**
Meanwhile, USDe(Ethereum) is surging with a market cap of $647 million, and Dai maintains a scale of $442 million. USDS(Sky Dollar) also enters the top ranks, indicating ongoing diversification in the stablecoin market.
These trends show a shift away from the USDT monopoly, with multiple stablecoins serving different use cases in the market. As the DeFi ecosystem expands, the options for stablecoin selection are also becoming more diverse.
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**Stablecoin Market Reaches $300 Billion Era... Diversification Continues Amid USDC Strength**
According to the latest blockchain market data, the stablecoin ecosystem is rapidly growing. The total market capitalization of all stablecoins has reached $306.775 billion, recording an increase of approximately 0.87% over the past 7 days(, with an additional $26.39 billion). This indicates that the importance of stablecoins as a store of value in the cryptocurrency market continues to rise.
**USDT Still Dominates Over Half of the Market**
In terms of market share, USDT maintains a dominant position with 60.17%, with a market cap of approximately $184.572 billion. One noteworthy trend is USDC, whose latest data shows a market cap of about $7.588 billion, experiencing a slight decrease of -0.09% over the past 7 days.
**Emerging Stablecoins Make Strides**
Meanwhile, USDe(Ethereum) is surging with a market cap of $647 million, and Dai maintains a scale of $442 million. USDS(Sky Dollar) also enters the top ranks, indicating ongoing diversification in the stablecoin market.
These trends show a shift away from the USDT monopoly, with multiple stablecoins serving different use cases in the market. As the DeFi ecosystem expands, the options for stablecoin selection are also becoming more diverse.