Stablecoin's market value exceeds $ 301 billion for the first time

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By TP

The combined value of the dollar anchored stablecoins exceeded the threshold of $ 301 billion, according to the Live Defillama panel. This represents an increase of about 2% in the last week and 6.5% in the last 30 days, against the background of intensifying the trading activity and defi on several chains. The USDT of Tether remains the main pillar of the sector, at $ 176.3 billion, which is about 58% of the market, increasing from about 173 billion only a few days ago. The USDC of Circle follows, with $ 74.1 billion, representing about 24.5% of the market. The USDe of Ethhena has $ 14.8 billion, and the Makerdao is located almost 5.0 billion. More issuers from outside the top two have grown faster than the market. USDE's market capitalization has increased by about 19% in the last month. Blackrock USD (Buidl) climbed about 36% in seven days to 2.64 billion, and Pyusd Al Paypal won about 35% in the same period, reaching 2.54 billion. Falcon USDF advanced about 30% in a month, to 1.62 billion, although it decreased by about 14.7% compared to the previous week. Instead, DAI registered a decline of about 6.5% in seven days and 2.8% in a month.

The PEG margins remained tight for major coins. USDT was traded with approximately +0.05% over PEG, USDC at −0.03%, USDe to +0.06% and give to +0.02%. The small and medium -level names showed mixed results. Sky Dollar (USDS) is about $ 4.34 billion, with a daily growth of 1.8%, the USD stablecoin of the World Freedty Financial is about $ 2.68 billion, with an increase of 7.7%in a month, RLUSD of Ripple is around 790 million after a monthly profit of 10.9%. The Usyc Al Circle has displayed a price of about $ 1.10 per table, in accordance with the interest accumulation mechanism for tokenized cash products. The diversity of the issuers now covers payments of payments, administrators of assets, scholarships and stablecoins of protocols. The main list includes Buidl, Pyusd, Ethena USDTB, USDF Falcon, Digital USD (FDUSD), RLUSD, M by Mo, Global Dollar (USDG) and USDX Money (USDX), next to the old USDT, USDC, DA, DA, USDS and WLFI-USD. Stablecoins function as the main setting of settlement for the stress and derivative trading, as a basic currency for loans and market-maxing, but also as a low volatility parking option during periods of correction. A growing offer usually signals a greater demand for on -chain dollars, deeper liquidity and increased rotation capacity between token and chains. Join the 33,000+ subscribers. No spam, only useful info.