The total market capitalization of stablecoins has increased by 1.06% over the past 7 days, surpassing $257.7 billion.

According to BlockBeats, DefiLlama data shows that as of July 12, the total market capitalization of stablecoins across the network is $257.751 billion, an increase of 1.06% over the past 7 days. The market share of USDT is 62.13%, continuing to decline for two consecutive weeks.

The circulation of USDC increased by 2.12% over the past week, currently at $63.117 billion.