The stablecoin market has continued its upward trend over the past five days, adding $1.30 billion in value. Tether (USDT), the largest stablecoin network by market cap, has expanded its supply by 820 million during this period, and its market cap has climbed from $116.88 billion to the current $117.70 billion. Since January 1, 2024, USDT's market cap has grown by $25.96 billion, rising from $91.74 billion to its current level. Another stablecoin on the rise is First Digital's FDUSD, which has increased its supply by 280 million in just one day. In the past week, 710 million FDUSD has been added to the market. Meanwhile, Paypal's PYUSD, the sixth-largest stablecoin by market cap, is also growing. PYUSD is approaching the $1 billion mark for the first time, with a market cap of $981.69 million as of August 23. Over 15 million PYUSD tokens have been issued in the last 24 hours, adding 190 million tokens to its supply in the past week. Aave's GHO also saw a small increase, adding $4 million in the past week.