Stablecoin market cap falls to $304.89 billion as Arc grows 33.51%

Stablecoin market capitalization fell 0.41% over the past week to $304.89 billion, while Arc recorded a 33.51% increase. Tether's market share stood at 59.86%. The overall market contracted modestly, even as stablecoin supply expanded on Arc, Plasma and BSC. Total stablecoin market capitalization declined by $1.25 billion over the week to $304.89 billion. Market capitalization rose 0.06% over the past day but was down 0.37% over 30 days, showing little net change over the month. Tether (USDT) remained the largest stablecoin, with a market capitalization of $182.51 billion and a 59.86% market share.

Source: TokenPost