The stablecoin market has seen a significant influx of capital, adding over $2 billion in the past week to reach a total market capitalization of $322.74 billion, according to Defillama data. Tether's USDT remains the dominant force, holding a market valuation of $189.63 billion, which accounts for 58.76% of the stablecoin sector. This marks a slight increase of 0.05% over the week.
Circle's USDC also experienced notable growth, with a 2.08% increase, bringing its market cap to $78.96 billion after receiving $1.61 billion in new inflows. Meanwhile, USDG recorded the highest weekly gain among the top stablecoins, surging 11.89% to $2.658 billion. Other stablecoins like Sky's USDS and DAI, World Liberty Financial's USD1, and Paypal's PYUSD showed varied performances, reflecting a mixed trend in the stablecoin market.
Stablecoin Market Expands by $2 Billion, USDT Dominates with $190 Billion
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