CryptoWorld News reports that despite the cooling of the crypto market, stablecoins continue to grow. According to DefiLlama data, the total market capitalization of stablecoins increased by 0.43% over the past week, with the circulating market cap reaching $317.255 billion, a new all-time high. At the same time, USDT’s market share continues to decline, dropping below 60% to 58.03% currently. Sky’s stablecoin USDS has grown significantly: its circulating market cap increased by 9.57% over the past week, now at $8.924 billion, rising to the third-largest stablecoin by market cap.

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