On February 11th, PANews reported that according to Glassnode on X platform, the circulating supply of stablecoins has risen by 16.97 billion US dollars since early 2025, from about 194.2 billion US dollars to about 211.2 billion US dollars. However, the rise rate has fluctuated and slowed down since early 2025, but rebounded again in February. Throughout November and December last year, the daily rise of stablecoins was about 450 million US dollars. By January of this year, this growth rate had slowed to about 400 million US dollars per day, but rebounded in February, reaching a daily rise of 541 million US dollars. The stablecoins involved include: USDT, USDC, USDE, DAI, FDUSD, PYUSD, TUSD, and FRAX. In mid-January, momentum also accelerated, with the 7-day moving average rising above the 30-day simple moving average (SMA), indicating an increase in short-term demand. This suggests that after a period of deceleration, liquidity is expanding again.
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