Tether Market Cap Hits $165.25B as Stablecoin Sector Grows 1.28% Weekly

Tether (USDT) continues to expand its dominance in the stablecoin sector, with its market capitalization reaching $165.25 billion as of the latest data [1]. This marks a 0.44% increase over the past week and a 2.93% gain over the past month, translating to an addition of $4.7 billion to its market cap in just 30 days [1]. The broader stablecoin market has also grown, rising by 1.28% in the last week to reach $273.169 billion, reflecting sustained interest from both retail and institutional participants [1].

The growth of Tether underscores its role as a critical infrastructure asset in the cryptocurrency ecosystem. It maintains a 60.49% share of the stablecoin market, with the supply increasing by approximately 730 million tokens over the past week. Its position is reinforced by its widespread use in trading, remittances, and lending activities, where it serves as a low-volatility alternative to major cryptocurrencies such as Bitcoin and Ether [1].

Competition within the stablecoin space remains intense, with USDC holding the second-largest market share at $66.8 billion. USDC also saw a 3.56% weekly increase and a 7.56% gain over the past month [1]. Other notable performers include Ethena’s USDe, which surged by 12.31% in the last week and 106% for the month, and Falcon’s USDf, which added 6.5% to its value this week and 86.35% over the past 30 days [1]. These figures highlight the dynamic nature of the stablecoin sector, where both established and emerging players are vying for market share.

While Tether remains the leader, other stablecoins such as DAI, USDS, and BUIDL have shown mixed performance. DAI climbed 4.38% in a week, while USDS dipped 11.22% weekly but advanced 11.24% over 30 days [1]. BUIDL, which is tied to tokenized U.S. Treasuries, rose 4.48% weekly but fell 15.61% over the past month, reflecting the volatility in its underlying assets [1].

The broader stablecoin ecosystem has increasingly become a focal point for regulators, who are examining their role in cross-border payments and financial inclusion. Tether has previously faced questions regarding the transparency of its reserves, though no recent developments suggest a decline in its market position. As the sector continues to grow, regulatory scrutiny is expected to remain a key factor shaping its evolution.

CoinGecko has also provided real-time tracking of Tether’s price in Ether, offering market participants a dual perspective on its value in both fiat and crypto terms [2]. This data allows investors to better assess Tether’s utility in different market conditions and informs strategic decisions across the digital asset landscape.

The continued expansion of the stablecoin sector signals an ongoing shift in how digital assets are used globally. As the total value of stablecoins approaches $273 billion, they are increasingly seen as a bridge between traditional finance and the crypto economy, enabling faster, more efficient transactions with reduced volatility [1].

Sources:

[1] Tether Taps $165B as Stablecoin Sector Climbs to $273B (https://news.bitcoin.com/tether-taps-165b-as-stablecoin-sector-climbs-to-273b/)

[2] USDT to ETH: Tether Price in Ether (https://www.coingecko.com/en/coins/tether/eth)