Stablecoin Market Cap Hits New High of $283 Billion, USDT Dominates

The stablecoin market has reached a record high of $283 billion, according to DefiLlama data. Tether (USDT), holding 59.12% market share, is driving this growth. This surge in value reflects increased investor confidence and highlights the continued role of stablecoins as critical drivers of stability in crypto markets. 7-day market cap growth reached 2.63%, fueled by increased liquidity that’s further bolstering decentralized finance platforms.