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Stablecoin Market Cap Falls for 14th Consecutive Month, Some Companies Exits Crypto Exchanges

The total market cap of stablecoins has decreased by 0.45% in the past month, marking the 14th consecutive month of decline and reaching its lowest level since September 2021. The decrease in stablecoin market cap coincides with a decrease in liquidity from crypto exchanges, with May being the lowest month in terms of crypto trading volume on exchanges since the beginning of 2022. Tether's market cap has grown alongside bitcoin's rise in price this year, but the company is currently being investigated by the Department of Justice for bank fraud and money laundering. Despite the challenges and regulatory pressure faced by the crypto industry, some companies are still investing in it, while others are shifting their focus to artificial intelligence products.

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