Stablecoin Market Cap Suffers Biggest Decline in 4 Years

The stablecoin market saw its largest decline in nearly four years last month. That’s according to a report Sunday (July 12) by CoinDesk, which calls the downturn a sign that on-chain liquidity has dipped as crypto markets continue to consolidate near this year’s lows. Stablecoins’ market capitalization dropped by $7.7 billion in June, the report said.