Stablecoin Market Falls $10 Billion Since May in Largest Retreat Since Terra

LUNA-3.98%
USDC0.02%
According to CoinDesk, the stablecoin market has declined by approximately $10 billion since May, marking its largest retreat since the Terra collapse. USDT fell to roughly $184 billion from $190 billion in May, while USDC dropped to around $73 billion from a March 2026 peak of under $80 billion. Total stablecoin market capitalization now stands at approximately $312 billion, with USDT accounting for close to 59% of the market, according to DeFiLlama data.
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