The total market capitalization of stablecoins remains at a historical high, with USDT's market share still exceeding 60%.

【Blockchain Rhythm】Recently, I took a look at the market performance of stablecoins, and the data is quite interesting. As of December 20th, according to on-chain data, the total market capitalization of the entire stablecoin ecosystem is at approximately $309.298 billion. Although it has decreased slightly by 0.26% week-over-week, this level is actually already at a historical peak.

USDT’s dominant position remains very stable, with a market share of 60.23%. It can be said that in the stablecoin market, this guy is the one in charge. Other stablecoins are competing for territory, but given this gap, it’s very difficult to shake it in the short term.