Tether Sheds $5.5 Billion in USDT Supply as Stablecoin Turnover Hits a Record Pace

AI Summary Stablecoin market value has declined by about $14 billion from its May peak, marking the sharpest monthly contraction since 2022. Yet record settlement volumes suggest the sector is becoming a faster-moving payments network rather than a store of idle digital dollars. Stablecoin Issuers Lose $7.7 Billion in June as Transaction Volume Jumps 63% Stablecoin supply […] fulltext: 373 chars | fulltext source: rss-fallback | summary method: extractive Original: https://news.bitcoin.com/stablecoins/tether-sheds-5-5-billion-in-usdt-supply-as-stablecoin-turnover-hits-a-record-pace/ Source: Bitcoin.com News