BlockBeats news, on February 15, despite the prevailing bearish sentiment in the crypto market, the total circulating market capitalization of stablecoins has been steadily rising over the past two weeks and is now approaching its previous all-time high. According to DefiLlama data, the total market capitalization of stablecoins currently stands at $307.603 billion, an increase of 1.85% over the past week.
USDC and USDS (issued by the Sky Protocol) saw significant growth over the past week, increasing by 1.18% and 3.23%, respectively. USDT’s market share has fallen below 60%, currently at 59.74%.


