The stablecoin market cap has surged past $300B for the first time, hitting $301B on DeFiLlama data amid a crypto rebound. Tether’s USDT leads with a 58% share at $176B, followed by Circle’s USDC at $74B, Ethena’s USDe at $14.8B, and MakerDAO’s DAI at $5B.

The stablecoin market cap has surged past $300B for the first time, hitting $301B on DeFiLlama data amid a crypto rebound. Tether’s USDT leads with a 58% share at $176B, followed by Circle’s USDC at $74B, Ethena’s USDe at $14.8B, and MakerDAO’s DAI at $5B.

The Block •