The news is a sector-wide/stablecoin-liquidity development, but it explicitly cites Circle (CRCL) as one of the two dominant stablecoin issuers experiencing a material market-cap decline, which can be negative for sentiment toward the issuer.
Stablecoin Market Cap Declines By $10 Billion CryptoProwl Mon, July 13, 2026 at 3:28 PM GMT+2 1 min read USDT-USD C C-PR CRCL USDC-USD The combined market capitalization of the world's stablecoins has fallen by $10 billion U. S. since the end of May, the biggest decline in years.
Liquidity in the stablecoin market has decreased as crypto markets have consolidated near their lows for the year. In June, the stablecoin market capitalization fell by $7. 7 billion U.
S. , the largest dollar amount since May 2022 when blockchain protocol Terra-Luna imploded. More From Cryptoprowl: Robinhood Chain Sees Nearly 16,000 Meme Coin Launches in Single Day Standard Chartered Doubles Down On $100,000 Bitcoin Price Target JPMorgan Chase Says Bitcoin's Main Risk Isn't Strategy Investor Michael Burry Bets Against Prediction Markets MEXC Expands Ondo Tokenized Stock Lineup With SK Hynix and Four Other Trading Pairs The decline since the end of May is equivalent to a 3% drop on a percentage basis, the largest downtrend by that measurement since 2023.
The market capitalization erosion has been driven by the two dominant stablecoin issuers. Tether's stablecoin (CRYPTO: $USDT), the largest stablecoin, has seen its market capitalization fall to $184 billion U. S.
from $190 billion U. S. in May.
Circle Internet Group's (NYSE: $CRCL) stablecoin (CRYPTO: $USDC) has fallen to $73 billion U. S. from $80 billion U.
S. The setback runs counter to the bullish narrative on Wall Street about stablecoin growth. U.
S. bank Citigroup (NYSE: $C) recently revised its stablecoin growth forecast for 2030 to $4 trillion U. S.
from $3. 7 trillion U. S.
previously. The market cap decline carries implications for the crypto market as major stablecoins are widely used for crypto trading and payment settlements, making deteriorating liquidity an issue. The stablecoin market has largely stalled around $300 billion U.
S. since last October when the current crypto winter began, sending prices for digital assets sharply lower. Bitcoin (CRYPTO: $BTC) is currently trading at $62,500 U.
S. , about half the $126,000 U. S.
peak it reached last October.
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