The stablecoin market exceeds 276 billion USD, Tether retains its crown

In the past week, the stablecoin market capitalization increased by 2.39%, adding 6.447 billion USD, reaching a total of 276.742 billion USD. Tether (USDT) leads with 166 billion USD, accounting for 60.49% of the market share after adding approximately 730 million USDT.

USDC ranks second with 66.8 billion USD, increasing by 2.29 billion USD over the week. Ethena (USDe) surged to 10.99 billion USD, up 12.31% over the week and over 106% for the month.

DAI holds 4.51 billion USD, showing a slight increase, while Sky Dollar (USDS) reached 4.48 billion USD but dropped significantly by 11.22% over the week. PayPal USD (PYUSD) drew attention by reaching 1.18 billion USD, increasing by more than 40% for the month.