Data: The total issuance of stablecoins has decreased by approximately 13.9 billion USD in recent months

According to on-chain analyst Yu Jin's monitoring, influenced by the overall sluggishness of the cryptocurrency market in recent months, the combined issuance of the two major stablecoins, USDT and USDC, has decreased by approximately $13.9 billion, with USDT decreasing by about $7.4 billion and USDC decreasing 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 real economic transaction volume (ATV) of stablecoins reached $8.82 trillion, close to last year's historical high of $10.8 trillion, with USDT contributing more than half.

Against the backdrop of the overall decline in stablecoin issuance, the issuance of USDT on the Tron chain has risen against the trend to a historical high of $90.3 billion, with an increase of about $2 billion in the past month. This indicates that the reduced issuance mainly comes from the Ethereum ecosystem, which is primarily DeFi-focused, while the demand for Tron in real application scenarios such as cross-border transfers and payment settlements continues to grow steadily.