The stablecoin market grew by $2.81 billion in the past week

PANews reported on April 20 that according to News.bitcoin, the stablecoin market has expanded by US$2.81 billion in the past seven days, with a market value of nearly US$160 billion. $2.2 billion of that growth was attributed to Tether (USDT). Tether’s supply has expanded by 5.6% over the past month and is now valued at $109.38 billion. The market valuation of USDC rose from approximately US$32.02 billion to US$33.15 billion.

DAI also experienced a week of growth, with its market cap increasing from $4.93 billion to $5.12 billion. In comparison, FDUSD fell slightly from $3.93 billion on April 12 to $3.58 billion today. Despite this week’s decline, FDUSD’s supply has risen 23.8% since March 19. Ethena’s USDE supply has not seen major changes over the past week, remaining at $2.38 billion.