Stablecoin Sprint: USDS Rockets 63%, PYUSD Skyward 49% in 30-Day Supply Climb

Over the past 30 days, data reveals the stablecoin market added $7.719 billion to its valuation in February, marking a steady yet significant expansion. Dominating this growth was USDS, which saw its circulating supply leap by 63.68% from the months inception—a figure eclipsing all peers.

Februarys Stablecoin Growth Sees a $7.719 Billion Rise

Amid a widespread contraction in cryptocurrency valuations this month, defillama.com data shows the fiat-anchored digital asset economy persists in its upward trajectory. Tether (USDT) remains the leading entity within this sphere, commanding a valuation of $142.579 billion—a figure representing 63.37% of the aggregate $225 billion stablecoin domain. USDTs supply expanded by $2.5 billion since Jan. 31, demonstrating its sustained momentum in the digital currency arena.

Source: Defillama stablecoin overview.

Circle‘s USDC mirrored this progression, achieving a 7.33% escalation over the past 30 days—translating to a $3.85 billion amplification. Conversely, Ethena’s USDe, the third-largest stablecoin, experienced a $154.87 million contraction, eroding 2.63% of its circulating reserves. USDC commands a market valuation of $56.422 billion, whereas USDe claims a valuation of $5.72 billion.

DAI faced amplified outflows, shedding $356 million this month, with its market capitalization resting at $4.34 billion. Contrastingly, Sky‘s USDS accrued a $1.653 billion increase, soaring by 63.68% since Jan. 31. USDS’s valuation now settles at $4.248 billion. Notably, Paypals PYUSD expanded by 49.32% over the past 30 days, with its market capitalization stabilized near $753.61 million following an influx of $248.9 million.