According to Odaily Planet Daily, the stablecoin market continued its upward trend in the past week, with a value increase of $1.3 billion. Tether (USDT), the largest stablecoin network by market value, expanded its supply by 820 million during this period, and its market value climbed from $116.88 billion to the current $117.7 billion.
In the past week, 710 million FDUSD were added to the market. Meanwhile, Paypal’s PYUSD, the sixth-largest stablecoin by market capitalization, is also growing, approaching the $1 billion mark for the first time, with a market capitalization of $981.69 million as of August 23, and its supply increased by 190 million tokens in the past week.
