The stablecoin market remained relatively stable in June, with little change in supply

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.