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Stablecoin Market Lull Continues, Supply At $315B
The stablecoin market for the past few weeks has experienced a downturn and collective lull as broader issuance hits pause.
Stablecoin market slows down (Ryan Johnston / Unsplash)
Stablecoin market is at $315B.
The stablecoin market is experiencing a slight lull as total market cap hovers around $315B, equalling to the levels seen back at the end of Q1 earlier this year. Only a few in the top 10 added supply.
Issuance from top stablecoins seem to have lost momentum momentarily, despite positive sentiment from institutions, progress with regulation and as global adoption continues into summer.
According to DefiLlama, there has been an overall negative 7d net change, with specifically just under $1B stablecoin outflows witnessed over the last several days.
Biggest recent gainers were Sky's SUSD stablecoin with +$200M, BlackRock's BUIDL fund bringing in +$75M, and Circle's USYC stablecoin adding +$185M since early June.
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