Stablecoin Market Jumps By Over $2.5 bn In 10 Days
In February, the fiat token crypto market saw a significant increase in value, valued at $140.82 billion. Ethena USDDE led the 30-day supply increases, with Tether’s market cap rising from $96.52 billion to $97.89 billion, USDC’s from $27.9 billion to $28.14 billion, Makerdao’s DAI from $4.84 billion to $4.93 billion, and FDUSD’s supply rising by 25.2% to $3.31 billion.
Trueusd (TUSD) experienced a decrease in its market cap, while Ethereum USDE recorded a 224.9% increase in supply since January 24.
Paypal’s PYUSD reached a market cap of $304 million, marking a 1.3% increase over the 30 days. Pax Dollar (USDP), the tenth-largest stablecoin by market cap, saw a 40.7% decrease, aligning with the downtrends observed in BUSD and GUSD.
(With inputs from Shikha Singh)
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