PANews reported on March 21 that according to The Block, on Thursday, the total market value of stablecoins exceeded $230 billion for the first time, as U.S. regulators worked hard to promote the adoption of stablecoins. According to DefiLlama data, the current total market value is $230.45 billion, an increase of $2.3 billion in the past seven days. Compared with the same period last year, the market value of stablecoins has increased by 56%. In the overall market value, Tether's USDT stablecoin dominates, with a market value of nearly $144 billion, accounting for 62.6%, followed by Circle's USDC, with a market value of $59 billion.