The stablecoin market has surged to a new high of $323.3 billion, driven by $1.5 billion in weekly inflows. Tether (USDT) remains the dominant player, holding 58.67% of the market with a capitalization of $189.7 billion after a $68.2 million increase. Meanwhile, Sky's USDS saw an 11.5% rise, reaching $8.79 billion, as it approaches the $10 billion mark.
Western Union's USDPT experienced a dramatic 597,568% increase, though its market cap remains modest at $1.5 million. In contrast, Circle's USDC saw a decline, losing 1.22% of its market cap, now standing at $77.068 billion. Other notable movements include Ethena's USDe rising 6.77% and Blackrock's BUIDL increasing by 8.01%.
Stablecoin Market Cap Reaches $323.3 Billion Amid $1.5 Billion Inflows
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