Stablecoin Market Cap Shrinks by $36.95 Million Over the Past Week

According to a report by Jinse Finance, data from defillama.com shows that the total market capitalization of stablecoins is currently $242.97 billion, with the stablecoin market shrinking by $36.95 million last week. USDT maintains its leading position with a valuation of $149.87 billion, experiencing a 7-day increase of only 0.36%. Currently, USDT accounts for 61% of the total stablecoin market capitalization. In contrast, USDC fell by 1.21% during the same period, with a market capitalization of $60.808 billion. DAI rose by 6.39% last week, reaching a market capitalization of $4.372 billion.