ChainCatcher reported that according to Bitcoin.com, since May 11, 2024, the market value of stablecoins has grown from $160.86 billion to $161.45 billion, an increase of $590 million in the past two weeks. USDT's market value is approximately $111.95 billion, accounting for 69.34% of the entire stablecoin market.
Over the past 30 days, USDT supply has grown by 1.3%, while USDC supply has fallen by 1.9% over the same period, with a market cap of $32.72 billion as of Sunday, May 26, 2024. DAI currently has a market cap of approximately $5.29 billion, up 1.8% over the past month.
FDUSD has seen the biggest drop in supply over the 30-day period, with 29% of its supply redeemed, and a market cap of $3.13 billion at press time. In contrast, Ethena’s USDe has seen a 17.5% increase in supply over the same period, with a market cap of around $2.78 billion as of Sunday.
