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#Stablecoin Market Cap Hits ATH The stablecoin market cap has reached an all-time high (ATH) of $230.45 billion, with a weekly increase of $2.3 billion.¹ This milestone reflects the growing adoption and trust in stablecoins within the cryptocurrency market.
*Top Stablecoins by Market Capitalization*
Some of the top stablecoins contributing to this ATH include:
- *Tether (USDT)*: With a market capitalization of $144.46 billion, experiencing a 0.16% increase.²
- *USD Coin (USDC)*: Holding a market capitalization of $59.756 billion, with a 0.05% increase.
- *Ethena USDe (USDe)*: With a market capitalization of $5.377 billion, despite a 0.21% decrease.
The stablecoin market's growth is a significant indicator of the increasing demand for digital assets that offer stability and reduced volatility.