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Morning Edition · Tuesday, July 28, 2026Published at 1:41 AM EDT · New York
Stablecoin Supply Fell $7.7 Billion in June Even as Adjusted Transfers Reached $1.79 Trillion
Circulating supply contracted while settlement activity, led by USDC, expanded, a split between shrinking float and rising real usage.
Stablecoin circulating supply fell by $7.7 billion in June even as adjusted on-chain transfers reached $1.79 trillion, with USDC leading settlement activity. The two figures point in opposite directions and describe different things. Supply…
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Race to Bank and Distribute Stablecoin Reserves
Over 3-6 months, established financial and payments firms compete to custody stablecoin reserves and embed stablecoin rails into cross-border settlement, institutionalizing the plumbing beneath stablecoins.
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