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Dollar-Pegged Crypto Market Crosses $317B Threshold With $1.24B in Weekly Inflows – Bitcoin News

Dollar-Pegged Crypto Market Crosses $317B Threshold With $1.24B in Weekly Inflows – Bitcoin News

Key Takeaways:

  • Sky’s USDS led the top ten gainers with a 9.57% weekly rise, adding over $779 million in inflows.
  • Tether holds 58.04% market dominance at $184 billion, with a full financial audit now planned.
  • The $317 billion stablecoin market processed $508 billion in authentic settlement volume last week.

Stablecoin Market Logs Another Week of Inflows

The dollar-pegged crypto market is pushing to new levels this weekend, crossing the $317 billion threshold based on data compiled by defillama.com. Tether ( USDT) leads the sector with a 58.04% share, supported by its $184.076 billion market valuation. USDT recorded a modest weekly increase of 0.03%.

This has remained true for the leading stablecoin firm Tether, which recently

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