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Centralized exchange stablecoin trading volume hit a 7-month low in June
On July 11, news, stablecoin trading volume on centralized exchanges fell to a seven-month low in June, falling to $97 billion, down 18%. Despite the decline in trading volume, the total market capitalization of stablecoins increased by 0.53% to $161 billion, the highest level since April 2022, although the growth rate has slowed since May. In the context of heightened market uncertainty, investors sought a safe haven, and the market share of stablecoins rose from 6.22% in May to 6.83% in June. ...
2024-07-11 09:29:24
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