💵 The market capitalization of stablecoins has surpassed 300 billion USD, reaching a new all-time high!
🔹 According to data from DefiLlama, the total market capitalization of stablecoins has for the first time exceeded the 300 billion USD mark, reaching approximately 301 billion USD on the afternoon of October 3rd, an increase of 1.96% over the week and 6.57% over the past 30 days.
🔼 Among them:
- USDT (Tether): holds 58% market share, with a market cap of 176.3 billion USD, continuing to hold the crown.
- USDC (Circle): Market cap is around 74 billion USD, accounting for 24.5% market share.
- USDe (Ethena): Ranked third with a market cap of 14.8 billion USD.
⚡️ In Q3/2025, the stablecoin market grew by 20% compared to the previous quarter, surpassing many other traditional asset classes thanks to capital inflows from institutions, especially following the signing of the GENIUS Act into law in the US, which officially legalized stablecoins, while also opening up a new playing field for the USD in the digital currency era.
📊 The surge of stablecoins clearly reflects the massive capital flowing into the market, amidst an impressive recovery week for the crypto market as it enters "Uptober." In just the past 7 days, Bitcoin has increased by more than 9.6%, surpassing the 120,000 USD mark, while Ethereum has also surged by 13.3% to reach 4,498 USD.
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