Stablecoin Market Cap Drops $10B in Largest Monthly Decline Since Terra
Stablecoin market cap fell over $10 billion from its May peak to ~$300-310 billion, the largest monthly decline since the Terra collapse in May 2022. Despite the supply contraction, stablecoin adjusted transaction volume hit a record $1.79 trillion in June.
Detected & updated continuously · Source: Nebula
Mentioned
Terra (luna)Sources
@ForkLog
On July 28, according to DeFiLlama, the total market capitalization of stablecoins fell by more than $10 billion from the May peak to about $310 billion. The outflow was the largest monthly drop since the Terra collapse in May 2022. https://t.co/0Kx1HolS0N
@mpost_io
📉 Stablecoin market cap has fallen $10B from its May peak to $300B — the largest monthly drop since Terra's collapse in May 2022. Yet June settled $1.79T in adjusted transaction volume — an all-time record, up 63% from May. The divergence is largely attributed to the GENIUS https://t.co/sLNLUACx35
@NFTNews_EU
💵 Stablecoin market sees biggest contraction since Terra collapse Stablecoin supply fell by $7.7B in June (about $10B from May’s peak), while adjusted transaction volume hit a record $1.79T, showing stronger usage despite a smaller supply. https://t.co/Fs4Il3CYHy