The total market value of stablecoins exceeds US$230 billion for the first time

PANews March 21 news, according to The Block, the total market value of stablecoins exceeded $230 billion for the first time on Thursday amid U.S. regulators’ efforts to promote stablecoin adoption. According to DefiLlama, the current total market capitalization is $230.45 billion, an increase of $2.3 billion in the past seven days. Compared with the same period last year, the market value of stablecoins increased by 56%. In the overall market value, Tether's USDT stablecoin dominates with a market value of nearly US$144 billion, accounting for 62.6%, followed by Circle's USDC with a market value of US$59 billion.