Data: Stablecoin market capitalization surpasses $294.5 billion, reaching a new all-time high

According to ChainCatcher, data from DefiLlama shows that the total market capitalization of stablecoins has surpassed $294.5 billions, currently reported at $294.562 billions, with a 7-day increase of 1.4%. Among them, USDT holds a market share as high as 58.73%, with a market cap exceeding $173 billions, currently reported at $173.009 billions; USDC's market cap stands at $73.601 billions, while USDe, DAI, and USDS rank third to fifth respectively.