Stablecoin Market Cap Drops $10B Since May Peak
The June retreat alone was $7.7B, the largest dollar contraction since the May 2022 collapse, yet it sits at a 3% drawdown versus 2022's 26% wipeout.
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The June retreat alone was $7.7B, the largest dollar contraction since the May 2022 collapse, yet it sits at a 3% drawdown versus 2022's 26% wipeout.
Falling stablecoin supply means less dollar collateral available to recycle through crypto markets, the read that historically precedes sharper moves on both sides.