Recently released data from DeFiLlama shows that the total market capitalization of stablecoins has reached $135.02 billion as of January 29, marking an increase of 0.97% in comparison to the last week's figures.
Further, the data highlights USDT's dominant position in the stablecoin market, with its circulation exceeding $95.9 billion. This substantial hold accounts for a significant stablecoin market share of 71.07%.