The market #stablecoin is on a strong growth trajectory, adding an additional $2.26 billion in the past week to reach $308.435 billion - just 0.1864% away from breaking the all-time high of $309 billion!
Tether ($USDT ) remains the dominant currency, accounting for over 60% of the market with $185.726 billion and contributing nearly half of last week's growth. $USDC from Circle also performed impressively with a 2.09% increase, bringing its market cap to $77.8 billion.
While most of the #stablecoin show positive momentum (like Sky dollar rising 3.72%), some face difficulties - $USDE of Ethena falling 6.84%, and #BUIDL of BlackRock decreasing 15.32%.
The stablecoin's stable growth shows increasing confidence in cryptocurrency as a means of trading. For traders, this trend could mean more liquidity and trading opportunities as the stablecoin ecosystem continues to mature and expand!
The information above is for reference only and is not investment advice.
