The total market value of stablecoins fell below $160 billion, with a weekly decline of 0.25%

BlockBeats reported that on May 12, according to DefiLlama data, the total market value of stablecoins fell below $160 billion, currently at $159.966 billion, with a weekly decline of 0.25%.

Among them, the market value of USDT reached $110.547 billion, with a market share of 69.11%.