DefiLlama data reported Oct. 23 showed stablecoin capitalization at $304.89 billion, $1.25 billion lower in the weekly comparison. Arc’s stablecoin capitalization rose 33.51%.
DefiLlama listed Tether (USDT) at $182.51 billion, or 59.86% of the market. USD Coin (USDC) ranked second at $72.09 billion. Overall capitalization was down 0.41% in the weekly comparison; the dates it covered were not specified.
Arc led network-level increases at 33.51%, followed by Plasma at 0.38% and BSC at 0.07%. XRPL had the largest listed decline, at 9.36%; Avalanche and Base fell 2.57% and 2.09%, respectively.
EconoTimes previously covered a $1.65 billion decline in stablecoin market value during Oct. 12-18, citing Lookonchain.
