Stablecoin Market Heats up as USDS and USDe Supplies Spike Nearly 25%
Seven days ago, the stablecoin market economy broke past the $260 billion mark — and it’s been climbing ever since. Over the past week alone, the sector added nearly $5 billion, with close to $2 billion of that coming from freshly minted tether ( USDT).
Billions Minted, Rankings Bolstered—Stablecoins market May be Entering Their Most Turbulent Phase Yet
Token data from defillama.com shows the stablecoin market now holds a valuation of $264.986 billion, with USDT commanding a dominant 61.86% share. At the moment, on Saturday afternoon, tether’s market cap sits at a hefty $163.90 billion, boosted by a 1.19% increase in the past week that brought 1.925 billion new coins into circulation.
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