July 4 (Cointime) -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 3rd, as reported by The Block. Since the USDC's brief detachment in March, Tether's USDT has increased its market share in the stablecoin market, but the average daily trading volume of the top ten stablecoins has still decreased from $53 billion in March 2023 to $28 billion in May.
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The Block: The total supply of Stablecoins has decreased from $138 Billion at the beginning of the Year to $124 Billion
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