The total market capitalization of stablecoins continues to rise, increasing by 1.85% in the past week.

BlockBeats News, February 15 — Despite the prevailing bearish sentiment in the crypto market, the total circulating market cap of stablecoins has continued to rebound over the past two weeks, approaching previous historical highs. According to DefiLlama data, the total market cap of stablecoins is currently reported at $307.603 billions, up 1.85% over 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 share has fallen below 60%, currently reported at 59.74%.