The stablecoin<\/a> market has crossed the $280 billion mark for the first time ever, adding about $2.8 billion in the last week alone.<\/p>\n Among them, Ethena\u2019s stablecoin (USDe<\/a>) has been the standout, growing in market capitalization by more than 200% since August 2024.<\/p>\n By comparison, over the same timeframe, Circle\u2019s USDC<\/a> grew 87% and Tether\u2019s USDT<\/a> by 39.5%, cementing its position as the largest stablecoin by market cap, according to Artemis data.<\/p>\n USDe now accounts for over 4% of the market, trailing only USDC at 24% and USDT at more than 61%.<\/p>\n USDe\u2019s success can partly be attributed to on-chain yields and DeFi integrations with apps like Pendle<\/a> and Aave<\/a>. On lending platforms, holders can stake USDe to earn higher rewards than competing stablecoins. For instance, as of press time, Aave\u2019s USDe APY is about 13.78%, compared with 4.17% for USDT and 4.19% for USDC.<\/p>\n In late 2024, Ethena Labs launched<\/a> USDtb, a stablecoin designed to comply with the GENIUS Act<\/a> in the U.S. It was also approved by Ethena as an eligible backing asset for USDe, and by March this year, USDtb had entered<\/a> the top 10 stablecoins by market capitalization.<\/p>\n Among blockchains, Ethereum<\/a> remains the undisputed leader, holding more than $148.5 billion, or roughly 53% of the total stablecoin market cap, and followed by TRON<\/a> with $82.6 billion, though over 99% of the stablecoin supply there is concentrated in USDT alone.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" The stablecoin sector has grown by 65% in the past 12 months amid rising adoption. The stablecoin market has crossed the $280 billion mark for the first time ever, adding about $2.8 billion in the last week alone. Top Stablecoins Among them, Ethena\u2019s stablecoin (USDe) has been the standout, growing in market capitalization by more […]<\/p>\n","protected":false},"author":2,"featured_media":403503,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-403502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/403502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=403502"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/403502\/revisions"}],"predecessor-version":[{"id":403504,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/403502\/revisions\/403504"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/403503"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=403502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=403502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=403502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Supply](\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.thedefiant.io%2Fpasted-1756502528665-png-e67ae39f-995c-430f-8daa-ea2071ae0b4f.png&w=3840&q=100\"\/)
![\"Stablecoin](\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.thedefiant.io%2Fpasted-1756502529115-png-b09a3593-dadb-4a1b-998b-edca2c550cbe.png&w=1920&q=100\"\/)