The market value of stablecoins has increased by nearly $600 million in the past two weeks, and the supply of FDUSD has decreased by 29% in the past 30 days

Since May 11, 2024, the stablecoin market cap has grown from $160.86 billion to $161.45 billion, an increase of $590 million in the past two weeks. USDT has a market cap of approximately $111.95 billion, accounting for 69.34% of the entire stablecoin market. Over the past 30 days, USDT supply has increased by 1.3%, while USDC supply has decreased 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 largest drop in 30 days, with 29% of its supply redeemed, and its market cap is $3.13 billion as of press time. In contrast, Ethena's USDe has increased its supply by 17.5% over the same period, with a market cap of approximately $2.78 billion as of Sunday. (Bitcoin.com)