Based on the latest data from DefiLlama, the collective market capitalization of stablecoins has surged to an impressive 145.79 billion US dollars, marking a notable increase of 2.46% over the past week. Notably, USDT has established itself as the dominant player in this space, commanding a substantial market value of approximately 102.394 billion US dollars, capturing a substantial market share of 70.23%. This underscores the significant role that stablecoins, particularly USDT, continue to play in the global financial ecosystem.