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Stablecoin Market Cap Falls $11 Billion Over Two Months as Funds Move Off-Chain

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2026-07-07 13:06:09
The combined market capitalization of USDT and USDC fell by $11 billion over the past two months, declining from $268 billion to $257 billion.

According to NS3.AI, USDT and USDC maintained a relatively stable share of the total cryptocurrency market capitalization despite the drop in their combined value.

The report said investor behavior suggests crypto is being sold into stablecoins while capital is also moving out of the on-chain ecosystem, rather than being redeployed into higher-risk assets.
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