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 USDS stablecoin with +$200M, BlackRock’s BUIDL fund bringing in +$75M, and Circle’s USYC stablecoin adding +$185M since early June.
