Stablecoin Total Market Cap Continues to Rise, Increasing by 1.85% in the Past Week

BlockBeats News, February 15th. Despite the current bearish sentiment in the crypto market, the total market capitalization of stablecoins has been steadily rising for the past two weeks, approaching its previous all-time high. According to DefiLlama data, the total market capitalization of stablecoins is now reported to be $3076.03 billion, a 1.85% increase in the past week.

Among them, USDC and USDS (issued by the Sky Protocol) have shown significant growth in the past week, with increases of 1.18% and 3.23%, respectively. USDT's market dominance has dropped to below 60%, now standing at 59.74%.