The stablecoin market remained relatively stable in June, with little change in supply. Several stablecoin projects underweight, including First Digital's FDUSD, which fell 28.5% last month. The largest stablecoin by market capitalization, Tether (USDT), edged up 0.7% in June. USDT has a market cap of $112.65 billion, while the fifth largest stablecoin, FDUSD, has a market cap of around $2 billion.
The second-largest stablecoin, USDC, has a market cap of $32.24 billion, but supply is down slightly by 0.4% this weekend. The third-largest stablecoin, Makerdao's DAI, is down 3.9%, and the market cap is down to $5.13 billion. The fourth-largest stablecoin, Ethena's USDE, has seen the most significant gains, rising 21.4% this month. Tron's USDD is up 0.5%, while frax dollar (FRAX) is down 0.1%. The eighth-largest stablecoin, TUSD, is down 1.3% in June.
The stablecoin market remained relatively stable in June, with little change in supply
2024-07-01 01:09:04
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