The market value of the usual stablecoin USD0 has been surpassed by USDS, dropping it out of the top five in the stablecoin rankings

Data from DefiLlama shows that the market value of USD0, a stablecoin product backed by real-world assets launched by developer Usual, has dropped to 1.54 billion US dollars. It was overtaken by USDS (1.761 billion US dollars), dropping to sixth place in the stablecoin rankings; it decreased by 15.09% over the past 7 days.