Stablecoin market capitalization falls for 14th month in a row

It is $129 billion. A year ago, this metric was equal to $186 billion. At this level, the market capitalization of stablecoins is at its lowest level since September 2021.

Not only is market capitalization falling, but so is the volume of asset trading. It fell by 40.6% to $460 billion in May. This is the lowest trading volume on centralized exchanges since December 2022.

Although the popularity of stablecoins remains unchanged.