Stablecoin Market Cap Breaks Record High at $310 Billion

The stablecoin market has reached a new record high of $310.7 billion, according to BlockBeats data. This significant increase marks a 0.3% jump over the past 24 hours and an impressive $10 billion growth in the last three weeks. Among leading stablecoins, Tether (USDT) currently boasts the largest market cap at around $180 billion, followed closely by USD Coin with approximately $76 billion. This surge is notable considering that just at the start of the year, the stablecoin market cap stood around $230 billion, reflecting a substantial rise of over $80 billion within this timeframe.