The total stablecoin market cap is on trend to rise compared to January, increasing by 0.98% to $309B. This increase in market capitalization coincides with the drawdown in the price of major digital assets as markets drawdown amidst geopolitical uncertainty.
EURC continued to strengthen its dominance within the euro stablecoin market, with its market share climbing to a record 62.1%. This follows an 11.6% increase in its market capitalization, which reached a new all-time high of $451M.
USDC’s market share by trading volume climbed to an all-time high of 19.7% in February, largely driven by a sharp decline in FDUSD activity. Trading volumes for FDUSD pairs on centralized exchanges fell by 86.7% in February following Binance’s decision to end its zero-fee trading program for key FDUSD pairs.

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