The stablecoin market lost roughly $7.7 billion in supply in June, marking its biggest monthly decline since May 2022, according to a Techub News brief citing CryptoBriefing. Tether's USDT supply fell to about $184 billion, while Circle's USDC dropped to around $73 billion. Total stablecoin market capitalization now stands near $312 billion, about $10 billion below its May peak.\n\nThe report said the overall pullback was around 3%, far smaller than the 26% decline seen during the 2022 bear market. Even so, the contraction in supply may weigh on trading activity and market liquidity. The update points to a notable cooling in the stablecoin segment after the market hit a recent high in May.
The stablecoin market shed about $7.7 billion in supply in June, the largest monthly decline since May 2022, according to Techub News, which cited CryptoBriefing.
USDT supply fell to about $184 billion, and USDC dropped to roughly $73 billion. Total stablecoin market capitalization is now about $312 billion, down around $10 billion from its May peak. The overall retreat was about 3%.
The report added that this was well below the 26% decline recorded during the 2022 bear market, though the contraction in supply may affect trading volume and liquidity.
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