Data: The total supply of stablecoins has decreased from 138 billion dollars at the beginning of the year to 124 billion dollars

ChainCatcher news, according to The Block, the total supply of stablecoins has decreased from $138 billion at the beginning of the year to $124 billion on July 3.

Since the brief de-pegging event of USDC in March, Tether's USDT has gained market share in the stablecoin market, but the monthly average daily trading volume of the top ten stablecoins has still dropped from $53 billion in March 2023 to $28 billion in May. (source link)