Stablecoins lose $7.7B while volume reaches $1.79T

The stablecoin market contracted in June 2026 even as transaction activity reached a record. Summary $7.7 billion left stablecoins in June, cutting total market capitalization to approximately $312 billion overall. $1.79 trillion in adjusted June transfers marked a record, rising 63% from May levels overall. USDC processed about $1.21 trillion, while USDT handled roughly $576 billion in June’s adjusted dataset. CoinDesk Data reported on July 6 that market capitalization fell 2.39%, or about $7.7 billion, to $312 billion. It was the first month-end decline in five months and the largest monthly dollar reduction since the Terra-Luna collapse in May 2022. The supply decline did not produce a matching fall in on-chain activity. Visa’s Allium-powered dashboard recorded $1.79 trillion in adjusted transaction volume for June, up 63% from May and 125% from June 2025. USDC accounted for about $1.21 trillion, compared with roughly $576 billion for USDT. As previously reported, the market had fallen roughly $10 billion below its May peak by mid-July. DefiLlama’s stablecoin dashboard placed total capitalization at about $309.9 billion on July 28, down 0.79% over 30 days. USDT remained the larg...