Stablecoin Float Surpasses $270 Billion, Setting a New High
Main Idea
The stablecoin market's total value has surpassed $270 billion, setting a new high, with Tether (USDT) leading the market and USDC as the second-largest component.
Key Points
1. The stablecoin market capitalization rose by $3.051 billion (1.14%) in the last seven days, reaching a total of $270 billion.
2. Tether (USDT) dominates the market with 61.06% share, followed by USDC, while other stablecoins like USDe, USDS, DAI, and BUIDL hold smaller shares.
3. Artemis Terminal reports 42.8 million addresses interacted with stablecoins in the last month, with significant activity on BNB Chain, Tron, Base, Arbitrum, Solana, and OP.
4. Adjusted stablecoin transfer volume was $2.7 trillion over the last 30 days, despite an 11.19% month-over-month decline.
5. Ethereum and Tron hold the largest outstanding stablecoin balances, followed by BNB Chain, Solana, Base, and Arbitrum.
Description
The stablecoin market’s total value has surpassed $270 billion, marking a new milestone for the sector, according to stats collected by defillama.com and artemisanalytics.com. Stablecoin Economy Climbs as Activity Broadens Over the last seven days, aggregate stablecoin capitalization rose by $3.051 billion, a 1.14% gain, per defillama’s dashboard. The new total places the asset class
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