"The stablecoin sector has reached an all-time high of $321.759 billion, bolstered by $1.08 billion in inflows, marking a 0.34% gain over the past week."
"Tether's USDT maintains a dominant 58.90% market share, valued at $189.525 billion, just shy of the $200 billion milestone, despite a slight decline of 0.14%."
"Circle's USDC has increased by 0.61%, lifting its market capitalization to $78.296 billion, now accounting for 24.33% of the total stablecoin valuation."
"Sky's USDS has shown notable growth, climbing 6.08% over the past week to reach a market capitalization of $8.776 billion, reflecting a shift in market preferences."
The stablecoin economy recorded $1.08 billion in inflows from April 26 to May 3, bringing the total market valuation to $321.759 billion. Tether's USDT holds a 58.90% market share, valued at $189.525 billion, while Circle's USDC increased by 0.61% to $78.296 billion. Sky's USDS saw a significant rise of 6.08%, reaching $8.776 billion. Despite USDT's dominance, it experienced a slight decline of 0.14%, while USDC and USDS showed positive growth, indicating shifting preferences within the stablecoin market.
Read at news.bitcoin.com
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