USYC and BUIDL both officially hit a $3B market cap.
For the month of June, only a few stablecoins and yield-bearing products were able to add meaningful supply. According to DefiLlama data, these included Circle’s USYC, BlackRock’s BUIDL, and USDG stablecoin issued by Paxos.
The data provider’s monthly timeframe shows USYC as adding around $280M (+9.9%), while BUIDL also gained $103M (+3.5%), allowing both to cross over into the $3B market cap club.
This shows that investor interest in stablecoins and yield-bearing funds, from an institutional standpoint, is not slowing down.
In terms of fiat-backed and payment stablecoins, there was little actual growth in supply. USDG by Paxos is the only outlier minting an extra $483M (+19.3%) to sit just under the $3B mark.
Recently, stablecoin transactions volume grew to new highs, yet as a collective, new supply stalled.
