The stablecoin market has experienced notable growth in market value since May 11, 2024, with the total value increasing from $160.86 billion to $161.45 billion in just two weeks. USDT, a dominant player in the stablecoin sector, holds a significant market value of around $111.95 billion, representing 69.34% of the total stablecoin market. Over the past month, the supply of USDT has increased by 1.3%, indicating sustained demand for this stablecoin.

In contrast, USDC has seen a decrease in supply by 1.9% over the same period, with a market value of $32.72 billion as of May 26, 2024. DAI, another prominent stablecoin, has shown growth with a market value of approximately $5.29 billion, reflecting a 1.8% increase in value over the past month. However, FDUSD has experienced the most significant decline in supply, with a 29% decrease, resulting in a market value of $3.13 billion. On the other hand, Ethena's USDe has seen a notable supply increase of 17.5% during the same period, reaching a market value of approximately $2.78 billion as of May 26, 2024.