Stablecoins See Significant Decline Amid Cryptocurrency Market Downturn

The total supply of stablecoins has seen a significant decrease in recent months. According to EmberCN's monitoring, the combined circulation of USDT and USDC has dropped by approximately $13.9 billion since the last update. This decline is largely attributed to the overall downturn in the cryptocurrency market.

However, it's worth noting that stablecoins are still being widely adopted in real-world economic scenarios. The Adjusted Transaction Volume (ATV) of stablecoins reached $8.82 trillion in the first half of this year, nearing last year's annual record high of $10.8 trillion. USDT contributed significantly to this volume.

Interestingly, despite the overall decrease in stablecoin circulation, the supply of USDT on the Tron blockchain has reached a new all-time high of $90.3 billion, defying the trend by increasing by about $2 billion in the past month.