The overall market value of stablecoins increased by approximately US$7.7 billion in February, with USDS increasing by 64%.
By:Cointime
The overall market value of stablecoins increased by $7.7 billion in February, highlighting the growing demand for "digital dollars" in the crypto market. The main situation of the stablecoin market in February is as follows: USDS market value increased by 64%, PYUSD increased by 49%, USDT market value reached approximately $143 billion (an increase of $2.5 billion in February alone), USDC increased by 7%. However, the market value of USDe and DAI decreased.
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