Stablecoin’s total marketcap just inched up 0.13% over the past week, now sitting at $308.11 billion and holding near peak levels. Here’s what’s interesting though—USDT continues to dominate the space, commanding 60.64% of the entire stablecoin market.
The numbers tell an interesting story: while the overall stablecoin ecosystem shows modest growth, the concentration around a single asset raises questions about market dynamics. With USDT maintaining such a commanding marketcap share, it underscores just how much of the stablecoin narrative is still tied to one major player.
Whether this consolidation benefits the broader crypto market or signals a potential risk factor is worth keeping an eye on as the space evolves.
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Stablecoin Marketcap Edges Higher as USDT Tightens Grip
Stablecoin’s total marketcap just inched up 0.13% over the past week, now sitting at $308.11 billion and holding near peak levels. Here’s what’s interesting though—USDT continues to dominate the space, commanding 60.64% of the entire stablecoin market.
The numbers tell an interesting story: while the overall stablecoin ecosystem shows modest growth, the concentration around a single asset raises questions about market dynamics. With USDT maintaining such a commanding marketcap share, it underscores just how much of the stablecoin narrative is still tied to one major player.
Whether this consolidation benefits the broader crypto market or signals a potential risk factor is worth keeping an eye on as the space evolves.