The total market capitalization of stablecoins surpasses $290 billion, reaching a new all-time high.

According to Jinse Finance, data from Coingecko shows that the total market capitalization of stablecoins has surpassed $290 billions, currently reaching $291,199,302,919, setting a new all-time high. Among them, Tether's market cap is approximately $169.59 billions, ranking first; USDC's market cap is about $72.38 billions, ranking second; and USDE's market cap is around $13.21 billions, ranking third.