As of March 16, 2025, according to statistics from the blockchain data platform DefiLlama, the total market value of global stablecoins has exceeded $229.334 billion, with a growth of 0.91% over the past week, reaching a historical high. Among them, USDT (Tether) holds the first place with a market share of 62.72%, further consolidating its position as the leader in the stablecoin sector.

This growth continues the long-term expansion trend of the stablecoin market. For example, at the end of January 2025, the total market value of stablecoins exceeded $215 billion, with USDT's market share at 64.82%, while USDC (USD Coin) performed remarkably with a nearly 20% increase in market value within a month. In contrast, although USDT's market share has slightly decreased, its overall market value continues to rise along with market expansion, highlighting investors' ongoing trust in centralized stablecoins. Additionally, data from the second half of 2024 shows that the total market value of stablecoins gradually climbed from the $160 billion range to the current level, reflecting an increased demand for safe-haven crypto assets.