Data: The market value of stablecoins increased by 1.3 billion dollars in the past week

ChainCatcher news, according to Bitcoin.com, the stablecoin market has continued its upward trend over the past week, increasing in value by $1.3 billion. The largest stablecoin network by market capitalization, Tether (USDT), expanded its supply by $820 million during this period, with its market cap rising from $116.88 billion to the current $117.7 billion.

In the past week, the market saw the addition of $710 million in FDUSD. Meanwhile, the sixth-largest stablecoin by market capitalization, Paypal's PYUSD, is also on the rise, nearing the $1 billion mark for the first time. As of August 23, its market cap was $981.69 million, with its supply increasing by 190 million tokens over the past week.