USDT Leads Stablecoin Surge as Total Market Cap Surpasses Ethereum at $235.6 Billion

COINOTAG reports that as of March 13, the **total market capitalization** of **stablecoins** has increased significantly, hitting **$235.6 billion**. This milestone places stablecoins above **Ethereum**, whose market cap currently stands at **$225.9 billion**. The dominance in this sector is primarily attributed to **Tether (USDT)**, boasting a substantial market capitalization of **$143.3 billion**. Following USDT, **USD Coin (USDC)** has recorded a market cap of **$58.3 billion**, while **USDS** holds a market cap of **$8.23 billion**. This shift reflects an evolving landscape in the cryptocurrency market, highlighting the increasing reliance on stablecoins for trading stability and liquidity. As the **crypto market** continues to mature, investors are turning towards these digital assets to mitigate volatility, which is crucial for both institutional and retail investors seeking safer avenues within the blockchain ecosystem.