November 23, 2024

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FDUSD Supply Shrinks by 29% Amid Stablecoin Supply Shifts

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FDUSD Supply Shrinks by 29% Amid Stablecoin Supply Shifts
FDUSD Supply Shrinks by 29% Amid Stablecoin Supply ShiftsThe stablecoin market has experienced modest growth over the past two weeks, with valuations increasing by approximately $590 million. Among the top five U.S. dollar stablecoins, Ethena’s USDE saw the largest supply growth, rising 17.5%. In contrast, First Digital’s FDUSD experienced a 29% supply decrease. Stablecoin Valuations Adjust With Diverse Market Movements in May Since […]