Supply growth for the stablecoin Tether (USDT) fell sharply in June, reflecting reduced liquidity in crypto markets. 📉 Monthly stablecoin supply growth was less than 1.5% as of June 24, down significantly from the more than 5% growth seen in April and May, according to Copper.

Tether trading volume fell from a record high on March 11, when USDT trading activity peaked at $767.22 billion, to $53.55 billion as of June 24.

Bitcoin markets have recently experienced significant daily outflows, with more than $540 million leaving the market last week. Over the past 30 days, the price of Bitcoin (BTC) has fallen more than 10%, from approximately $68,000 to approximately $62,000 at the time of writing.

Crypto markets are under pressure from the macroeconomic landscape. A June 25 report from ETC Group indicates that traditional financial markets have begun to "calculate" expectations for global growth.