Stablecoin Supply Contracts About $10 Billion From May Peak

June alone shed $7.7 billion, by CoinDesk's account the largest monthly dollar decline since the Terra collapse in 2022, as Tether and USD Coin both shrank.

The total supply of stablecoins has fallen roughly $10 billion from its May peak, with $7.7 billion of that redeemed in June alone, CoinDesk reported. By the outlet's account, June's dollar decline was the largest since the Terra-Luna crash…