USDC Leads Stablecoin Market Cap Rebound to $305.78B, DefiLlama Data Shows

As of November 28, fresh data from DefiLlama indicate a renewed uptick for the stablecoins universe, with the circulating market cap reaching $305.78 billion and marking a 0.8% week-over-week gain. This move signals improving liquidity and renewed investor appetite in the sector amid a cautious risk backdrop.

USDC has been the primary driver, its circulating supply rising by 3.31% over the past week, contributing to the broader recovery. The momentum may support DeFi activity and on-chain settlement flows, while highlighting the ongoing role of top fiat-backed tokens in stabilizing markets and facilitating cross‑exchange liquidity.