ChainCatcher News, the latest data shows that the stablecoin market has reached a new breakthrough! According to DefiLlama data, the total market capitalization of stablecoins has risen to $18.6304 billion, with a 7-day increase of 3.04%. This growth reflects the continued rise in demand for stablecoins in the market, especially in the current volatile market environment, where the hedging function of stablecoins is particularly important.

Among the many stablecoins, USDT still dominates, with a total market capitalization of $13.0505 billion, accounting for 70.05% of the market. This data indicates that USDT remains popular as a medium of exchange and a store of value.