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Stablecoin search interest has cooled significantly, with Google search volume in June dropping nearly 70% compared to May.

MeNews
ME News reports, June 25 (UTC+8), ME News reports, June 25 (UTC+8), since June 2026, Google search volume for "stablecoins" has dropped to 31, a significant decline from 98 in May, and down over 69% from the all-time high of 100 in August 2025. Even if annualized based on the current trend, the June search volume would only be about 45, still a month-on-month decline of around 54%. At the same time, after hitting a peak of about $300 billion in early June, the total global stablecoin supply has fallen by about $5 billion, with a cumulative increase of only 0.23% so far this year, far below the growth rates of 56% in 2024 and 46% in 2025. The report points out that the August 2025 search volume peak coincided closely with the advancement of the GENIUS Act and announcements by institutions such as Stripe, Visa, and Mastercard regarding stablecoin issuance. The current decline in both search volume and supply indicates that 2025 may have been the phase for large-scale retail user onboarding, and there is now no new large-scale incremental retail capital flowing in at the same cost. (Source: ChainCatcher)
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