Data: Total stablecoin supply fell from $138 billion at the beginning of the year to $124 billion on July 3

The total stablecoin supply fell from $138 billion at the beginning of the year to $124 billion on July 3, The Block reported. While Tether’s USDT share of the stablecoin market has increased since the USDC depeg event in March, the monthly average daily trading volume of the top ten stablecoins has nonetheless declined from $53 billion in March 2023 to May of $28 billion. the