Stablecoin Market Falls $10 Billion Since May as USDT and USDC Drive Largest Monthly Drop Since 2022

cryptocrypto-markets 1 posts · 1 accounts

The stablecoin market lost roughly $10 billion in value since May, marking a roughly 3% contraction driven by outflows from the two largest digital dollar pegs.

According to CoinDesk data, June alone accounted for a $7.7 billion reduction—the largest monthly dollar decline since May 2022. Tether’s USDT token fell from about $190 billion to $184 billion, while USDC declined to roughly $73 billion.

From the sources (1 posts)

@wublockchain

Stablecoin Market Loses $10B Since May in Biggest Retreat Since the Terra Crash According to CoinDesk, stablecoin market capitalization has fallen by roughly $10 billion from its May peak, including a $7.7 billion drop in June—the larges

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