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Stablecoin supply drops $7.7B in June as transaction volume hits record $1.83T, signaling faster payment use.

Market News
29 Jul 2026
Bitcoin
View Source
Neutral
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Stablecoin market value fell by about $14 billion from its May peak, with June seeing the largest monthly supply drop of $7.7 billion since 2022. Despite this, transaction volume surged 63% to a record $1.83 trillion in June, indicating stablecoins are increasingly used for fast payments rather than as idle digital dollars. Tether's USDT and Circle's USDC supplies both declined, while some funds moved into yield-bearing tokenized Treasury products. The shift highlights a change in stablecoin use from holding to active financial infrastructure, with transaction velocity becoming a key metric over market capitalization.

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