According to Arcane Research data, from August 2, 2020 to January 1, 2022, the supply of stablecoins in circulation increased by 8.7 times to $165 billion.
However, as of July 1, the number of stablecoins in the entire network dropped to $151.3 billion, of which $35.1 billion fell in the second quarter, reaching 18.8%, which was the largest quarterly drawdown in the history of stablecoins.