The total market capitalization of stablecoins has surpassed 230 billion USD for the first time.

GateUser-6433627c

2025-03-21 08:57:57

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[The total market capitalization of stablecoins surpasses $230 billion for the first time] According to The Block, on Thursday, against the backdrop of U.S. regulators pushing for stablecoin adoption, the total market capitalization of stablecoins surpassed $230 billion for the first time. According to DefiLlama, the current total market capitalization is $230.45 billion, an increase of $2.3 billion over the past week. Compared to the same period last year, the market capitalization of stablecoins has risen by 56%. In the overall market capitalization, Tether’s USDT stablecoin dominates, with a market capitalization of nearly $144 billion, accounting for 62.6%, followed by Circle’s USDC with a market capitalization of $59 billion.

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