The crypto sector has enjoyed an uneven development recently, while the stablecoin space has gained momentum for a long time. Generally speaking, the demand for stablecoin seems to have remained an explosive growth with a total market cap of more than $10 billion at present.
USDT has once again replaced XRP, ranking third in market capitalization. According to Skew's data, it has reached a new high of $18 billion. On Coinmarketcap.com, Tether's market cap has decreased by 0.13 billion from 18 billion.