Stablecoin Market Weekly Report: Total Market Capitalization Grows Slightly to $170.61 Billion
Publication Time:2024-09-14 14:51:09
According to the latest data provided by DefiLlama, the stablecoin market has shown a steady growth over the past week, with the total market capitalization rising to $170.61 billion, marking a 0.64% increase compared to the previous week. This growth highlights the market's continuous recognition of the stability and security provided by stablecoins. Among various stablecoins, USDT stands out due to its unique position and performance, experiencing a growth of 0.36% in its total market capitalization over the past week, currently totaling $118.55 billion, accounting for nearly three-quarters (70.49%) of the market share. This figure not only underscores USDT's dominant position in the stablecoin market but also reflects its role as one of the most widely accepted decentralized stablecoins in the global financial market. As the cryptocurrency market continues to mature and investors demand higher stability, the performance of stablecoins and their markets will continue to attract significant attention.
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