Stablecoin Market Sheds $12.7B Since May as Supply Falls to $300B
- —USDT holds 60.74% market share with a $182.42 billion cap
- —USDC shed $4.69 billion in 30 days, about 80% of the monthly decline
- —PYUSD added $239.5 million; USDf grew 42.32% to $511 million
- —Tokenized Treasuries fell from $16.2 billion to $14.65 billion
Why it matters: Traders read shrinking stablecoin supply as thinning liquidity, but some capital may have moved into yield products rather than leaving crypto entirely.
Source: Bitcoin.com