Top stablecoins, such as tether (USDT) and ethena usd (USDE), experienced outflows totaling nearly $4 billion, with tether alone losing $3.79 billion from its peak valuation.
However, two other stablecoins, USD0 and USDX, are rising in the rankings as their supplies expand.
Usual’s USD0 now ranks as the fifth-largest stablecoin by market capitalization, while Usdx Money’s USDX has also demonstrated considerable growth, now being the ninth-largest stablecoin.
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