Data: In February, the overall market value of stablecoins increased by approximately 7.7 billion USD, with USDS experiencing a growth of 64%

According to ChainCatcher news, as reported by News.Bitcoin, the overall market capitalization of stablecoins increased by $7.7 billion in February, highlighting the rising demand for "digital dollars" in the crypto market. The main situation of the stablecoin market in February is as follows:

• USDS market capitalization increased by 64%;
• PYUSD market capitalization increased by 49%;
• USDT market capitalization reached approximately $143 billion (with an increase of $2.5 billion in February alone);
• USDC market capitalization increased by 7%.

However, the market capitalization of USDe and DAI decreased in February.