Data: The total market capitalization of stablecoins reaches a new all-time high of $312.4 billion, with Sky's stablecoin USDS rapidly rising.

MarsBitNews · 2026-03-10T10:26:11+00:00

According to DefiLlama data, the total market capitalization of stablecoins has reached $312.4 billion, a 1.18% increase from last week. USDT and USDC account for 58.9% and 25% of the market share, respectively. Sky's stablecoin USDS has grown by 26.7%, reaching $7.92 billion, with daily protocol revenue of $600,000. The issuance of yield-bearing stablecoins exceeds $21.5 billion, with sUSDS and sUSDE ranking first and second respectively.

MarsBitNews

2026-03-10 10:26:11

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Mars Finance reports that, according to DefiLlama data, the total market value of stablecoins worldwide has reached a record high of $312.4 billion, up 1.18% in the past week. USDT accounts for 58.9% of the market share, and USDC holds 25%. Sky’s stablecoin USDS has seen a 26.7% surge in issuance over the past month, with a current market cap of $7.92 billion and a 2.5% market share. Recently, Sky Protocol’s daily protocol fees have reached as high as $1.1 million, with daily protocol revenue of $600,000, and an annualized protocol income of $211 million. Additionally, according to Stablewatch data, the issuance of yield-bearing stablecoins has exceeded $21.5 billion, accounting for about 6.88% of the total stablecoin market cap. Sky’s sUSDS has emerged strongly, with a 7-day TVL growth of 14.6% to $6.06 billion, ranking first among yield-bearing stablecoins. Ethena’s sUSDE TVL stands at $3.53 billion, ranking second.

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