Stablecoin Market Cap Soars to $303 Billion: USDT & USDC Dominate

The U.S. dollar stablecoin market witnessed significant growth, reaching a staggering $303.5 billion in market capitalization according to Coingecko data from Odaily. This impressive jump represents a 50% increase from the beginning of the year, when the market cap was $202.8 billion. USDT continues its reign as the leading stablecoin with a market cap of approximately $188.4 billion, followed closely by USDC at around $76.3 billion. These two dominant coins continue to hold significant sway in the global stablecoin landscape.