Stablecoin Market Cap Reaches New High

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AI Summary

The stablecoin market has reached a new high of $206.8 billion, with USDT dominating the market share at 66.5%. This growth suggests continued investor interest in stablecoins as a safe haven asset and a medium of exchange in the cryptocurrency market.

According to BlockBeats, data from DefiLlama indicates that the total market capitalization of stablecoins has surged past $206.8 billion, marking a new record high. Over the past week, the market cap has increased by 0.87%. Among stablecoins, USDT holds a dominant market share of 66.5%, with its market value currently reported at $137.545 billion.

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Stablecoin Market Cap Reaches New High

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