BlockBeats News, July 12th. The stablecoin market saw the largest retreat in recent years in June, with a total market capitalization decrease of $7.7 billion, marking the largest monthly drop since the May 2022 Terra-Luna crash. Since the peak in May, the stablecoin market has shrunk by approximately $10 billion. Two major stablecoin issuers have been the main drivers of this round of pullback: The market capitalization of Tether's USDT has decreased from around $190 billion in May to $184 billion, a decrease of about $6 billion. Meanwhile, Circle's USDC, which peaked at nearly $800 billion in March 2026, has fallen to around $730 billion, a reduction of about $7 billion.

However, compared to the stablecoin market's cumulative decline of over 26% during the 2022 crypto winter, the adjustment this time is still relatively mild. Wall Street institutions remain optimistic about the long-term prospects of stablecoins. Citigroup previously projected that the global stablecoin market size would reach $1.9 trillion under the base-case scenario by 2030 and could rise to $4 trillion under optimistic circumstances.