Commonal stablecoin USD0 surpasses FDUSD in market capitalization and ranks among the top five stablecoins

According to DefiLlama data, stablecoin developer Commonal launched a stablecoin product backed by real-world assets, USD0, with a market capitalization of $1.813 billion, surpassing the market capitalization of FDUSD ($1.71 billion) and rising to fifth place among stablecoins, up 237% in the past month.