Stablecoin Market Value Rises Slightly, USDT Market Share Slips
According to data from DefiLlama, reported by BlockBeats, the total market capitalization of stablecoins has seen a modest uptick, reaching $267.227 billion — a 0.6% increase over the past seven days. This growth reflects a continued demand for stable-value assets across decentralized and centralized platforms amid ongoing market volatility.
Despite the overall increase in market value, the market share of Tether (USDT) has declined slightly, dropping from 61.9% to 61.64% over the same period. This shift, while marginal, may point to a gradual diversification in investor preferences, as competitors like USDC, DAI, and emerging algorithmic stablecoins gain traction.
The data underscores a broader trend of steady growth in the stablecoin sector, which remains a critical pillar for liquidity, trading pairs, and DeFi participation across the crypto ecosystem.
