The combined market capitalization of the world's stablecoins has fallen by $10 billion U.S. since the end of May, the biggest decline in years.
Liquidity in the stablecoin market has decreased as crypto markets have consolidated near their lows for the year.
In June, the stablecoin market capitalization fell by $7.7 billion U.S., the largest dollar amount since May 2022 when blockchain protocol Terra-Luna imploded.
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