PANews reported on March 8 that according to News.Bitcoin, the overall market value of stablecoins increased by US$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 was as follows:

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

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