Analysis: USDT and USDC supplies decreased by a total of $13.9 billion in recent months, but adoption rate growth of stablecoins remains unaffected

CoinFeed reported on July 11 that on-chain analyst Yu Jin stated that in recent months, due to the overall sluggishness in the crypto sector, the total supply of the two leading stablecoins USDT and USDC decreased by approximately $13.9 billion, with USDT decreasing by about $7.4 billion and USDC by about $6.5 billion. However, this decline in supply has not affected the rapid growth in adoption of stablecoins across various financial scenarios. In the first half of this year, the real economic transaction volume of stablecoins reached $8.82 trillion, close to last year's record of $10.8 trillion, with USDT contributing more than half. Notably, against the backdrop of overall supply decline, the amount of USDT on the TRON network bucked the trend and rose to a new high of $90.3 billion, increasing by $2 billion in the past month.