The stablecoin market remained relatively stable in June, with little change in supply
According to Golden Finance, the stablecoin market remained relatively stable in June with little change in supply. Several stablecoin projects saw reductions, including First Digital's FDUSD, which fell by 28.5% last month. The largest stablecoin Tether (USDT) rose slightly by 0.7% in June. USDT has a market value of $1126.5 billion, while the fifth-largest stablecoin FDUSD has a market value of about $2 billion.
The second-largest stablecoin USDC has a market value of $32.24 billion but its supply decreased slightly by 0.4% over this weekend. The third-largest stablecoin Makerdao's DAI fell by 3.9%, reducing its market value to $5.13 billion.
The fourth largest Stable coin Ethena’s USDE had the most significant increase this month, rising by 21.4%. Tron's USDD increased by 0.5%, while frax dollar (FRAX) dropped by 0.l%. The eighth largest Stable coin TUSD fell by l .3% in June.
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