The stablecoin market has lost about $10 billion since reaching a record high in May 2026. Total supply fell by $7.7 billion during June to about $312 billion, marking the largest monthly decline in dollar terms since the TerraUSD collapse in May 2022. The decrease equaled roughly 2.4% for June and about 3% from the May peak.
Summary
- Stablecoin supply lost $10 billion since May as USDT and USDC redemptions reduced crypto liquidity.
- June recorded the largest monthly dollar decline since Terra, but the market contracted only 3%.
- Transaction volumes remained strong while tokenized assets expanded, showing blockchain finance activity continued despite redemptions.