According to PANews, data from The Block Data Dashboard reveals that the total supply of stablecoins pegged to the dollar reached $165 billion last weekend, marking the highest level in nearly two years. The market value of Ethena's USDe stablecoin has been consistently rising, contributing to the continuous expansion of the stablecoin supply. In recent days, this stablecoin has stabilized at around $2.4 billion. Earlier this month, Ripple predicted that by 2028, the total supply of the stablecoin market will reach $2.8 trillion.