The stablecoin economy surpassed 260 billion USD, adding nearly 5 billion USD in just one week. Tether (USDT) retains its dominance with a market cap of 163.90 billion USD.
USDe (Ethena) saw a remarkable increase of 24.63%, minting 1.425 billion USDe to reach a market cap of 7.212 billion USD. Meanwhile, USDS (Sky) led with a 24.95% gain, totaling 4.956 billion USD.
The growth of USDe and USDS suggests potential fragmentation in the stablecoin market. Regulatory changes, like the GENIUS Act, may further affect market dynamics.
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