The total market value of stablecoins exceeded US$310 billion, setting a new record high

According to Coingecko data, the total market capitalization of stablecoins has surpassed $310 billion, reaching a new all-time high of $310.7 billion. This represents a 24-hour increase of 0.3%, and an increase of approximately $10 billion over the past three weeks. USDT currently holds the largest market capitalization at approximately $180 billion, while USDC ranks second at $76 billion. Notably, the total market capitalization of stablecoins rose from approximately $230 billion at the beginning of the year to over $80 billion this year.