According to BlockBeats, data from DefiLlama indicates that the total market capitalization of stablecoins has increased by 0.38% over the past week, reaching $173.117 billion. This marks the highest level since May 2022, closely approaching the $173.145 billion reported on October 6.

Among the stablecoins, USDT's market capitalization grew by 0.3%, now standing at $120.441 billion, with a market share of 69.62%.