According to BlockBeats, the total market capitalization of stablecoins has decreased by 0.33% over the past week, now standing at $164.02 billion as of August 3, 2024. This data was reported by DefiLlama, a platform that tracks decentralized finance metrics and trends.

Among the stablecoins, USDT (Tether) saw a slight increase in its market cap, growing by 0.07% to reach $114.518 billion. USDT continues to dominate the stablecoin market with a market share of 69.82%.