Stablecoin Shakeup: $12 Billion Disappears in 2 Months While Tether Refuses to Flinch

The stablecoin economy has shed $12.413 billion since mid-May, with $1.555 billion leaving in the last week alone. Data from DefiLlama on July 18 shows the fiat-pegged crypto coin sector tightening. Tether has not reacted to the decline, as the stablecoin market continues to contract over the two-month period.