The stablecoin economy has surged by $28.63 billion since December 2023, reaching a staggering $160.03 billion valuation. Tether (USDT) spearheads this growth, boasting a market cap of $109.9 billion with a circulating supply of 109.84 billion USDT. Circle’s USD Coin (USDC) follows suit with a market cap surpassing $34 billion. Together, USDT and USDC dominate over 93% of the stablecoin market. Notably, MakerDAO's DAI has shown robust growth with a 9.3% supply increase, elevating its market cap to $5.2 billion.