๐ธ Stablecoins Surge Toward $250B Milestone! ๐ Just $2.4B to Go
๐ A New Peak for Stablecoins
The stablecoin market is soaring ๐โnow sitting at $247.58 billion, just $2.42 billion away from the historic $250B mark, according to data from DeFiLlama. Over the last week alone, the market added $1.31B, and more than $5.5B since May 1st! ๐๐ฅ
๐ Tether Takes the Lead
Tether (USDT) remains the undisputed champion with a massive $153.66B market cap, dominating 62% of the stablecoin space. Over the past month, USDT grew by 2.9%, adding $4.32B to its total.
Meanwhile, Circleโs USDC saw a slight dip of 1.48%, losing about $909M, landing at $60.6B.
๐ Rising Stars: FDUSD, USDe & DAI
Among the top gainers this month:
FDUSD: ๐ +15.94% (+$192M)
USDe: โก +14.78%, now valued at $5.36B
DAI: ๐ +14.44%, sitting at $4.71B
These surges reflect growing trust and utility in newer and decentralized stablecoins.
โ๏ธ A Sector in Motion
The top 10 stablecoins today:
USDT, USDC, USDe, DAI, USDS, BUIDL, USD1, USDTB, FDUSD, PYUSD
Outside of USDCโs minor decline, only Skyโs USDS showed a significant dip, falling 15.77% over the past month.
๐ What It All Means
This momentum signals a reshuffling of dominance in the stablecoin ecosystem. ๐๐ With liquidity strategies shifting and user preferences evolving, the market is subtly preparing for a new era of stablecoin utility, regulation, and resilience.
๐ Eyes are on the horizon as we inch closer to the $250B milestoneโwhatโs next for fiat-pegged tokens?
Thankyou๐
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