Stablecoin Market Cap Hits New Record High

According to BlockBeats, the total stablecoin market cap has hit a new record high of $192.7 billion, as reported by DefiLlama on November 30. This figure marks a 1.73% increase over the past week, indicating growing interest and investment in stablecoins in the crypto market.

In addition, Tether (USDT) continues to dominate the stablecoin market with a significant market share of 69.72%. Its circulating market cap has reached $134.348 billion, reflecting a 1.42% increase over the past week.

This growth underscores USDT’s position as a leading stablecoin, widely used for trading and trading on various cryptocurrency exchanges and platforms.