According to Odaily, recent data from DefiLlama indicates a minor increase in the total market value of stablecoins, which now stands at $161.758 billion, up from $161.62 billion the previous day. This represents a decrease of 0.45% over the past week.
The data also reveals that the market value of USDT (Tether) has reached $112.21 billion, accounting for a significant 69.37% of the total stablecoin market. This demonstrates the dominant position of USDT within the stablecoin market.