# 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.

- Published: 2026-07-28T05:41:29.769Z
- Canonical: https://polylog.news/crypto/2026-07-28/stablecoin-supply-fell-7-7-billion-in-june-even-as-adjusted
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [crypto.news](https://crypto.news/stablecoins-lose-7-7b-while-volume-reaches-1-79t/)

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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