CoinWires news: The total market capitalization of stablecoins decreased by about $10 billion from the May peak, falling to about $300 billion. Of this, the single-month drop in June was $7.7 billion, the largest decline since the Terra collapse. However, during the same period, the adjusted trading volume of stablecoins rose to a record $1.79 trillion, up 63% month-over-month and 125% year-over-year, indicating that the market is shifting from “hoarding assets” to high-frequency payments and settlement tools.