The overall market value of stablecoins increased by approximately 7.7 billion US dollars in February, with USDS increasing by 64%
The overall market value of stablecoins increased by 7.7 billion USD in February, highlighting the growing demand for "digital dollars" in the crypto market. The main situation in the stablecoin market in February was: USDS's market value increased by 64%, PYUSD grew by 49%, and USDT's market value reached approximately 143 billion USD (only an additional 2.5 billion USD added in February), while USDC grew by 7%. However, the market values of USDe and DAI declined.
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