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Stablecoin DAI increased by US$283.4 million, a month-on-month increase of 5.4%

Cited on-chain analysis from DeFiLlama, a blockchain price tracking platform, stablecoin market capitalization is at its lowest level since September 2021, with a value of $123.8 billion. Despite the global stablecoin market showing a downward trend, two popular assets in this group, Tether (USDT) and DAI, have seen moderate growth. USDT stablecoin continues to maintain its leading position with a market share of 67.2%, with a market value increase of $334.7 million, a 0.4% increase compared to the previous month. MakerDAO's stablecoin DAI has increased by $283.4 million, a 5.4% increase compared to the previous month.

Maker Maker $1,620.84
-2.62%
stablecoin
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