Ah, the stablecoin sector, a veritable cornucopia of financial wizardry, has expanded by a full percentage point this past week, swelling by a staggering $2.558 billion! And lo and behold, a hefty $1.45 billion of that bounty came directly from Tether’s USDT, the undisputed heavyweight champion of the crypto ring! 🥊
As of this very moment, data from defillama.com reveals that the stablecoin market is teetering just shy of the illustrious $250 billion mark, standing at a tantalizing $249.986 billion. Since last Saturday, the overall stablecoin supply has increased by $2.558 billion—with Tether alone minting a princely sum of $1.45 billion. Who knew money could grow on trees? 🌳💵
On this fateful Saturday, June 7, Tether’s USDT proudly flaunted a market cap of $155.115 billion, claiming a whopping 62.05% of the entire $249 billion stablecoin ecosystem. Meanwhile, Circle’s USDC, bless its heart, saw only a slight uptick, inching up 0.06% with a modest $38 million addition. USDC’s total valuation this weekend now sits at a respectable $60.643 billion. Not too shabby, eh? 😏
Among the top ten players, Sky’s USDS and Paypal’s PYUSD were the stars of the show, leaping by 14.05% and 10.69%, respectively. On the flip side, Sky’s DAI took a nosedive of 7.54%, while First Digital’s FDUSD dipped 7.18%. And let’s not forget World Liberty Financial’s USD1, which managed to nudge ahead by a mere 0.23%, gaining $5 million over the past seven days. Every little bit counts, right? 😂
So far in 2025, since the dawn of the year, the stablecoin economy has grown by a jaw-dropping $44.776 billion. Who knew stability could be so lucrative? 🎉
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2025-06-07 21:57