The stablecoin market experienced its largest single-month decline since the Terra collapse in June, but the long-term growth trajectory remains unchanged

Odaily Odaily reports that the stablecoin market saw its largest correction in recent years in June, with total market capitalization decreasing by $7.7 billion that month, marking the biggest single-month drop since the Terra-Luna collapse in May 2022. Since the peak in May, the stablecoin market has contracted by approximately $10 billion cumulatively. Two major stablecoin issuers were the primary drivers of this correction: Tether's USDT market cap fell from around $190 billion in May to $184 billion, a decrease of about $6 billion; Circle's USDC dropped from a high near $80 billion in March 2026 to approximately $73 billion, shrinking by about $7 billion.

However, compared to the over 26% cumulative decline in the stablecoin market during the crypto winter of 2022, the magnitude of this round of adjustment remains relatively moderate. Wall Street institutions remain optimistic about the long-term prospects of stablecoins. Citigroup previously estimated that under a baseline scenario, the global stablecoin market size could reach $19 trillion by 2030, and could rise to $40 trillion under an optimistic scenario. (CoinDesk)