"Sky's USDS emerged as the leading gainer in the stablecoin market, climbing 9.57% and adding over $779 million in inflows, reflecting strong investor interest."
"Tether continues to dominate the stablecoin sector with a 58.04% market share, supported by its $184 billion valuation and plans for a comprehensive financial audit."
"The stablecoin market reached a total of $317 billion, processing an impressive $508 billion in authentic settlement volume over the past week."
The stablecoin sector experienced significant inflows, totaling $1.242 billion and reaching $317.134 billion. Sky's USDS was the top gainer, increasing by 9.57% and adding over $779 million. Tether remains the dominant player with a 58.04% market share and a valuation of $184 billion, planning a full financial audit. Circle's USDC saw a slight decline, while Ethena's USDe and Sky's DAI showed mixed performance. The overall stablecoin market processed $508 billion in settlement volume last week.
Read at news.bitcoin.com
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