Stablecoin Market Cap Hits New Peak as Broader Crypto Market Struggles

The global stablecoin market surged to a new all-time high this week, surpassing $311 billion in total supply, even as broader crypto markets struggle under sharp price declines and heavy liquidations. According to data from DeFiLlama, the stablecoin market cap peaked at $311.332 billion on January 18, and currently sits at $309.066 billion. Tether’s USDT remains the dominant issuer with more than $187 billion in circulation, followed by Circle’s USDC at approximately $74 billion, per CoinGecko data. " ...