Stablecoin Market Loses $10B as Crypto Liquidity Quietly Contracts

Stablecoin market loses $10B as crypto liquidity quietly contracts

Stablecoin supply fell $10 billion from its May peak as USDT and USDC contracted, though the wider market decline stayed near 3% this cycle.

Stablecoins see biggest drop since 2022 crypto winter led by Tether (USDT), Circle's USDC decline

The market shrank by $7.7 billion in June alone, the largest dollar amount since May 2022's Terra-Luna crash, but stablecoins will likely resume their long-term growth, one analyst said.

Stablecoin Market Cap Suffers Biggest Decline in 4 Years

The stablecoin market saw its largest decline in nearly four years last month. That’s according to a report Sunday (July 12) by CoinDesk, which calls the downturn a sign that on-chain liquidity has dipped as crypto markets continue to consolidate near this year’s lows. Stablecoins’ market capitalization dropped by $7.7 billion in June, the report said. That’s the largest dollar amount since May 2022, when the collapse of the Terra-Luna blockchai…

USDT and USDC Shed $10B in Supply Since May Peak

Stablecoin supply is shrinking. Fast. Tether (USDT) and USD Coin (USDC) together shed roughly $10 billion from the peak they… Read the original on USDT and USDC Shed $10B in Supply Since May Peak. For more crypto news and analysis, visit TheCurrencyAnalytics.com.

Stablecoins Lost $10 Billion, but the Market Is Splitting in Two

Stablecoin supply has fallen about $10 billion from its May peak, while USDT and USDC shrink and several smaller dollar-linked rivals keep growing.