Stablecoin Market Falls $7.7 Billion in June to $300 Billion, Record Transaction Volume Hits $1.79 Trillion

cryptocrypto-markets 2 posts · 2 accounts

The stablecoin market lost $7.7 billion in June, its largest monthly decline since the Terra-Luna collapse in May 2022, bringing total capitalization down roughly $10 billion from the previous month to about $300 billion.

Adjusted transaction volume reached a record $1.79 trillion, a 63% increase from May and a 125% rise from a year earlier. The data indicates that demand for transfers and settlement remained strong despite the contraction in circulating supply.

From the sources (2 posts)

@the_newscrypto

🚨 LATEST: Stablecoin Market Posts Biggest Drop Since Terra ⚡ The stablecoin market fell $7.7 billion in June, its biggest monthly decline since the Terra-Luna collapse, with total market cap dropping to around $300 billion. ⚡ Despite the

@wublockchain

Stablecoin Market Shrinks $7.7 Billion in June, Biggest Drop Since Terra The stablecoin market lost USD 7.7 billion in June, its largest monthly decline since the Terra-Luna collapse in May 2022, bringing total capitalization down roughly

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