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Stablecoin Supply Has Declined to $124 Billion from $138 Billion at the Beginning of the Year

Stablecoin Supply Has Declined to $124 Billion from $138 Billion at the Beginning of the Year

2023/07/05 02:56

Total stablecoin supply has fallen from $138 billion at the start of the year to $124 billion as of July 3, according to The Block. 

Tether's USDT has increased its share of the stablecoin market since USDC's brief de-anchoring in March, but the monthly average daily trading volume of the top 10 stablecoins still fell from $53 billion in March 2023 to $28 billion in May.

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