The total stablecoin supply has contracted by approximately $10 billion following its all-time high achieved in May 2026. Current market capitalization hovers around $312 billion, marking a notable retreat from recent peaks. June represented the most severe monthly contraction in absolute dollar value since the catastrophic Terra-Luna ecosystem failure in 2022. The market shed $7.7 billion during that 30-day period, equating to approximately a 2.4% reduction. The market’s two dominant players accounted for the majority of losses. Tether’s USDT supply decreased from approximately $190 billion in May to roughly $184 ... (full story)