[Total Stablecoin Market Cap Surpasses $280 Billion, Setting a New All-Time High] BlockBeats News, August 28: According to DefiLlama data, the total stablecoin market cap across the network has surpassed $280 billion, setting a new all-time high. Over the past 7 days, it has grown by 1.07%, with USDT holding a market share of 59.75% and USDC holding a market share of 24.6%. In the past month, Tether and Circle collectively minted $8.75 billion worth of stablecoins. The increase in newly minted stablecoins on-chain typically reflects growing demand for stablecoins in the market and higher user participation, which is often associated with bullish sentiment in the crypto market. More capital is flowing into the crypto ecosystem.