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Stablecoins grow against the trend, with total market capitalization increasing by 0.43% week-over-week to a new all-time high
Mars Finance news. On April 4, despite the crypto market cooling off, stablecoins continued to develop rapidly. According to DefiLlama data, over the past week, the total market capitalization of stablecoins rose by 0.43%, and the circulating market cap was $317.2555 billion, reaching a new all-time high. Meanwhile, the market share of USDT has continued to decline, falling below 60% to 58.03%. Sky’s stablecoin USDS saw significant growth; over the past week, its circulating market cap increased by 9.57%, and its circulating market cap is now $8.924 billion, making it the third-largest stablecoin by market cap.