According to defillama data, the stablecoin market continues to grow strong, with a total market value increasing by 1.05% in the past week, reaching $250.3 billion. This growth shows that the demand for USD-pegged assets remains strong amid continued volatility in the cryptocurrency market.
Tether (USDT) maintains its dominant position in stablecoins, but its market share has slightly declined to 62.09%. This slight contraction may suggest that investors are gradually shifting some of their allocations to other stablecoins to diversify their USD-denominated crypto asset holdings.
