The total market capitalization of stablecoins has surpassed $280 billion, reaching a new all-time high.

According to Jinse Finance, data from DefiLlama shows that the current total market capitalization of stablecoins has surpassed $280 billions, reaching a new all-time high. Over the past 7 days, it has increased by 1.07%, with USDT holding a market share of 59.75% and USDC at 24.6%. In the past month, Tether and Circle have collectively issued an additional $8.75 billions worth of stablecoins.