The market value of stablecoins has climbed to 172.8 billion, and USDT is the leader! The market share is as high as 69.37%!

The latest data shows that the total market value of stablecoins in the DeFi market has reached 172.82 billion US dollars. Although the increase in the past 7 days is only 0.11%, the overall market has grown steadily, showing its strong resilience and sustainability. Among the many stablecoins, USDT continues to dominate, with a total market value of 119.891 billion US dollars, accounting for 69.37% of the market, and can be called the "absolute king" in the field of stablecoins!

Why can USDT maintain its market dominance so firmly?

As the core anchor asset of the crypto market, USDT has been widely used in trading, liquidity, cross-border payments and other fields, which has kept its market share high for a long time. In the volatility of the crypto market, the role of stablecoins as a hedging tool has become increasingly prominent, boosting its continued growth.

Will the market structure of stablecoins be broken? Can emerging projects shake the position of USDT? The future trend is worth every investor's in-depth thinking!

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