Stablecoin trading volume on centralized exchanges hit a 7-month low in June, but total market value increased
According to ChainCatcher, BeInCrypto cited CCData as reporting that in June, the volume of stablecoins on centralized exchanges fell to a seven-month low, down 18% to $97 billion. Despite the decline in trading volume, the total market value of stablecoins increased by 0.53% to $161 billion, the highest level since April 2022, although the growth rate has slowed since May. Against the backdrop of increased market uncertainty, investors sought safe havens, and the market share of stablecoins rose from 6.22% in May to 6.83% in June. USDT dominated with a market share of 70%, and other stablecoins such as Ethena's USDe also achieved significant growth. The overall slowdown in trading volume reflects broader market uncertainty.