The biggest one-month retreat after the collapse of Terra in June, but the long-term growth logic remained unchanged

The stable currency market experienced its largest reversal in recent years in June, when the total market value decreased by $7.7 billion, the largest single-month decline since the collapse of Terra-Luna in May 2022. Since its peak in May, the stable currency market has accumulated around US$ 10 billion, two of which have been the main driving force behind the round: the USDT market value of Tether's release fell from about US$ 190 billion in May to US$ 184 billion, a decrease of about US$ 6 billion; and the USDC issued by Circle fell from a high point of almost US$ 80 billion in March 2026 to about US$ 73 billion and water shrunk to about US$ 7 billion. However, compared to the cumulative decline of more than 26 per cent in the stable currency market during the encrypted winter of 2022, the current round of adjustments is still modest, Wall Street agencies are still looking forward to a long-term outlook for the stable currency, with the flag forecast that the size of the global stable currency market would reach $1.9 trillion in 2030 under the benchmark scenario and $4 trillion under the optimistic scenario。