CoinDesk reported that the total stablecoin market capitalization has declined by $10 billion since May. Of that amount, $7.7 billion was erased in June alone, marking the biggest monthly drop in dollar terms since the Terra-Luna collapse in May 2022. Despite the pullback, an analyst cited in the report said there is no reason for panic and argued that stablecoins are still likely to return to their longer-term growth path. The article was written by Krisztian Sandor and edited by Stephen Alpher, and it was published on July 12, 2026.
Stablecoin market cap has dropped since May
According to CoinDesk, the total market capitalization of stablecoins has shrunk by $10 billion since May.
June alone accounted for a $7.7 billion decline, the largest monthly drop in dollar terms since the Terra-Luna crash in May 2022.
Analyst sees no reason for panic
An analyst cited by the report said the contraction does not warrant panic and that stablecoins will likely resume their long-term growth.
The piece was written by Krisztian Sandor, edited by Stephen Alpher, and published on July 12, 2026.
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