[The Total Market Cap of Stablecoins Hits a Record High of $312.4 Billion, Sky's Stablecoin USDS Rises Rapidly] BlockBeats News, March 10: According to DefiLlama data, the total market cap of stablecoins across the network has reached a record high, currently reported at $312.4 billion, with a 1.18% increase over the past week. Among them, USDT holds a market share of 58.9%, and USDC holds a market share of 25%. Sky's stablecoin USDS has seen its issuance surge by 26.7% over the past month, with a current market cap of $7.92 billion and a market share of 2.5%. Recently, Sky Protocol's daily protocol fees have reached as high as $1.1 million, with daily protocol revenue at $600,000, and an annualized protocol revenue of $211 million. According to stablewatch data, the issuance of yield-bearing stablecoins has now exceeded $21.5 billion, accounting for approximately 6.88% of the total stablecoin market cap. Sky's sUSDS has emerged as a strong contender, with a seven-day TVL growth of 14.6% to $6.06 billion, ranking first among yield-bearing stablecoins. Ethena's sUSDE ranks second with a TVL of $3.53 billion.