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Altcoin News

Data: Stablecoin supply fell by $35.1 billion in the second quarter, the largest quarterly drawdown in history of 18.8%

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.

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