The total issuance of stablecoins has declined by about $13.9 billion over the past month, while Tron’s on-chain USDT has reached a fresh all-time high against the trend.

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BlockBeats message, July 11, according to monitoring by EmberCN: driven by the overall slump in the crypto market in recent months, the combined issuance volume of the two major stablecoins, USDT and USDC, decreased by about $13.9 billion. Of this, USDT decreased by about $7.4 billion and USDC decreased by about $6.5 billion.

However, the adoption of stablecoins in real economic scenarios continues to grow. In the first half of this year, the stablecoin real-economy transaction volume (ATV) reached $8.82 trillion, nearing the record high of $10.8 trillion set for the whole of last year, with USDT contributing more than half.

Against the backdrop of a pullback in total stablecoin issuance, USDT issuance on the Tron chain rose against the trend to a historical high of $90.3 billion, with about $2.0 billion added in the past month. This means that the decreased issuance mainly came from the DeFi-dominated Ethereum ecosystem, while demand for Tron in real application scenarios such as cross-border transfers and payment settlement continues to grow steadily.

TRX0.36%
USDC0.02%
ETH-0.10%
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