Gate News message. April 4, according to DefiLlama data, even though the crypto market is cooling, the stablecoin market continues to grow. Over the past week, the total market cap of stablecoins increased by 0.43%, with the circulating market cap reaching $317.26B, setting a new all-time high. At the same time, the market share of USDT has continued to decline, falling below the 60% threshold; it is currently at 58.03%. Sky’s stablecoin USDS has performed particularly well. Over the past week, its circulating market cap grew by 9.57%; its circulating market cap is now $8.92B, making it the third-largest stablecoin by market value.
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