Gate News message, April 5, according to DefiLlama data, despite the cool-down in the crypto market, the stablecoin market continued to grow rapidly. Over the past week, the total market cap of stablecoins increased by 0.43%, with circulating market cap reaching $317.26B, setting a new all-time high. Meanwhile, USDT’s market share continued to decline, falling below 60% and currently standing at 58.03%. Sky’s stablecoin USDS performed strongly; over the past week, its circulating market cap grew by 9.57%, now at $8.92B, becoming the third-largest stablecoin by market cap.
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