According to BlockBeats, as of March 29th, the total market capitalization of stablecoins has reached $150.5 billion, representing a 1.6% growth over the past week. Among them, USDT holds a dominant market share of 69.48%.
DefiLlama data reveals that the stablecoin market continues to expand, with USDT maintaining its leading position. The growth in the stablecoin market cap indicates an increasing demand for stable digital assets in the cryptocurrency market.
The use of stablecoins has become more prevalent in recent years, as they provide a stable store of value and are less volatile compared to other cryptocurrencies. This makes them an attractive option for investors and traders looking to hedge against market fluctuations.
