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According to “DefiLlama” data, the stable digital currency sector added approximately $703 million this week, and as the end of February approaches, the total market value reached approximately $307.87 billion.
Despite the weekly growth, the industry remains at a lower level compared to the previous month, while 30-day adjusted volume reached approximately $7.5 trillion across 1.8 billion transactions, according to data from Artemis Terminal.
USDT and USDC still dominate, with a combined market share of 83.62%.
The market value of USDT fell slightly by 0.10% to US$183.65 billion (accounting for 59.65%), while the market value of USDC increased by 0.74% to US$73.79 billion (accounting for 23.97%).
Next, USDS rose 3.8% to $6.85 billion, USDe fell 1.65% to $6.23 billion, and USD1 fell 4.36% to $5.1 billion.
Of note this week was the strong performance of BlackRock’s U.S. Treasury-backed BUIDL currency, with its market value jumping 36% to about $2.46 billion.
Circle’s USYC rose 9.43% to $1.69 billion.
Data shows that there has been a clear shift in interest in income-generating stablecoins, with stablecoins currently accounting for approximately 6.66% of the entire market (approximately $20.44 billion).
With the shift from traditional financing tools to blockchain and the increasing demand for tokenized bonds, the upcoming competition in the stablecoin market appears to be about more than just stability, but also the ability to provide holders with additional income.
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