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The total market capitalization of stablecoins has surpassed 230 billion dollars for the first time.
PANews reported on March 21 that on Thursday, against the backdrop of U.S. regulators pushing for the adoption of stablecoins, the total market capitalization of stablecoins surpassed $230 billion for the first time. According to DefiLlama, the current total market capitalization is $230.45 billion, having increased by $2.3 billion over the past week. Compared to the same period last year, the market capitalization of stablecoins has risen by 56%. In the overall market capitalization, Tether's USDT stablecoin dominates with a market capitalization of nearly $144 billion, accounting for 62.6%, followed by Circle's USDC with a market capitalization of $59 billion.