BlockBeats News, July 11th. According to EmberCN's monitoring, influenced by the overall downturn in the cryptocurrency market in recent months, the combined circulation of the two major stablecoins, USDT and USDC, has decreased by approximately $13.9 billion. Of this total, USDT decreased by around $7.4 billion, and USDC decreased by around $6.5 billion.

However, the adoption of stablecoins in real-world economic scenarios continues to grow. In the first half of this year, the Adjusted Transaction Volume (ATV) of stablecoins has reached $8.82 trillion, close to the previous year's annual record high of $10.8 trillion, with USDT contributing over half of this volume.

Against the backdrop of the overall decrease in stablecoin circulation, the supply of USDT on the Tron blockchain has reached a new all-time high of $90.3 billion, defying the trend by increasing by about $2 billion in the past month. This indicates that the reduced circulation mainly came from the Ethereum ecosystem, mainly dominated by DeFi, while Tron's demand in real-world applications such as cross-border transfers and payment settlements continues to steadily grow.