According to BlockBeats, recent data from DefiLlama indicates that the total market capitalization of stablecoins has reached $253.609 billion, marking a 0.82% increase over the past week. USDT holds a dominant market share of 62.48%, showing a slight increase compared to the previous week.

Additionally, the issuance of USDC has grown by 0.84% in the last seven days, currently valued at $61.392 billion.