Stablecoin market cap has shrunk by $10 billion since May, but analyst sees no reason to panic
CoinDesk·
60-second summary
The stablecoin market cap has shrunk by $10 billion since May, with a significant $7.7 billion drop in June, the largest dollar amount since the May 2022 Terra-Luna crash. Despite this, one analyst remains optimistic, predicting stablecoins will resume their long-term growth, citing a resilient market and stablecoin demand. Market sentiment remains cautiously optimistic.
The market shrank by $7.7 billion in June alone, the largest dollar amount since May 2022's Terra-Luna crash, but stablecoins will likely resume their long-term growth, one analyst said.