Stablecoin Market Cap Marks the Biggest Increase in 3 Months

The last time the market cap experienced such a jump was shortly after the crash of Silicon Valley Bank.

The market capitalization of the six largest stablecoins – USDT, USDC, DAI, BUSD, TUSD, and USDP – has spiked by over $1 billion over the weekend, marking the biggest climb in three months.

This could be considered a breath of fresh air for those assets since some have shown signs of weakness lately. USDT – the leading stablecoin with a current market cap of over $83 billion – slightly deviated from its $1 dollar parity last week, sparking concerns among the community.

However, the price returned to its $1 level