The total market capitalization of stablecoins has exceeded $280 billion, a new high, with USDT accounting for nearly 60%

According to DeFiLlama data, as of August 28th (Beijing time), the total market capitalization of stablecoins reached US$280.477 billion, an increase of US$2.981 billion, or 1.07%, over the past seven days. USDT holds a market share of 59.68%, maintaining its dominant position.