Stablecoins grow against the trend, with a weekly increase of 0.43% in total market capitalization, reaching a new all-time high

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ME News message, April 4 (UTC+8). Despite a cool-down in the crypto market, stablecoins have continued to develop rapidly. According to DefiLlama data, over the past week, the total market cap of stablecoins grew by 0.43%, and the circulating market cap was $317.26B, setting a new all-time high. At the same time, USDT’s market share continued to decline, falling below 60% to 58.03% as of now. Sky’s stablecoin USDS has grown significantly; over the past week, its circulating market cap increased by 9.57%, with the circulating market cap now at $8.92B, making it the third-largest stablecoin by market cap. (Source: ChainCatcher)

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