The stablecoin market has hit a new milestone. Its total market cap now exceeds $250 billion. Tether (USDT) holds a dominant position. It accounts for over 61% of the market share. This translates to a market cap of around $153 billion for USDT alone. The growth shows rising trust in stablecoins. They offer stability in the volatile crypto world. USDC follows as the second largest stablecoin. It has a market cap of over $61 billion. This makes up about 24.4% of the market. Stablecoins are key for fast and low cost transactions. Their 24 hour trading volume recently hit $61.2 billion. This reflects their heavy use in trading and DeFi. Factors like regulatory clarity and global adoption drive this surge. Stablecoins are now a cornerstone of digital finance.