Stablecoins have resumed their upward trend since late July and early August, according to data cited by ChainCatcher from DefiLlama. The total stablecoin market capitalization now stands at $304.564 billion, up 0.48% over the past week. Among the leading stablecoins, USDC and USD1 were the main sources of fresh issuance during the period. USDC expanded by 0.76% over the week, while USD1 posted a larger 3.71% increase. USDT, the market’s largest stablecoin, currently accounts for 60.21% of total stablecoin market share. The update points to continued growth in aggregate stablecoin supply over the past several weeks, with issuance concentrated in a small number of major tokens.
Stablecoins have returned to growth since late July and early August, with total market capitalization now at $304.564 billion, according to DefiLlama data cited by ChainCatcher. Over the past week, the total rose 0.48%.
Among the leading stablecoins, USDC and USD1 were the main drivers of issuance growth over the past week. USDC supply increased 0.76%, while USD1 rose 3.71%. USDT’s market share currently stands at 60.21%.
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