Stablecoin Market Cap Rises to $242.6B, Led by USDT's 61.7% Share

In Brief:

Total stablecoin market value grew 1.84% in the last 7 days to $242.66B.

USDT dominates with a 61.7% market share, maintaining its lead.

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According to data from DeFiLlama cited by Mars Finance, the total market capitalization of stablecoins has reached $242.663 billion as of May 3, reflecting a 1.84% increase over the past week.

Tether’s USDT remains the dominant force in the sector, accounting for 61.7% of the total stablecoin market. This growth indicates sustained demand for on-chain dollar-pegged assets amid volatile market conditions.

The rise in stablecoin value often signals increasing liquidity and risk management activity in crypto markets, especially during periods of high volatility or capital repositioning.

As the broader crypto ecosystem continues to evolve, stablecoins remain a key pillar for trading, DeFi, and cross-border settlements.

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