According to BlockBeats, the total market capitalization of stablecoins has grown by 1.06% over the past week, reaching $163.817 billion as of July 20, 2024. This data is sourced from DefiLlama, a prominent platform for decentralized finance analytics.

Among the stablecoins, Tether (USDT) has seen a notable increase in its market cap, rising by 1.18% to $113.86 billion. USDT continues to dominate the stablecoin market with a significant market share of 69.5%.