Svmuu News: The stablecoin market experienced its largest correction in recent years in June, with total market capitalization falling by $7.7 billion that month—marking the largest single-month decline since the Terra-Luna collapse in May 2022.Since its peak in May, the stablecoin market has shrunk by approximately $10 billion, with two major stablecoin issuers driving this round of correction: Tether ’s USDT has seen its market capitalization drop from approximately $190 billion in May to $184 billion, a decrease of about $6 billion; Circle ’s USDC has retreated from a high of nearly $80 billion in March 2026 to approximately $73 billion, a contraction of about $7 billion.
However, compared to the stablecoin market’s cumulative decline of over 26% during the 2022 crypto winter,the scale of this round of correction remains relatively moderate. Wall Street institutions remain optimistic about the long-term prospects of stablecoins; Citigroup previously projected that the global stablecoin market would reach $1.9 trillion by 2030 under a baseline scenario and could rise to $4 trillion under an optimistic scenario. (CoinDesk)