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