Data: The total market capitalization of stablecoins continues to decline, marking the largest monthly drop since the Luna crash.

According to ChainCatcher, citing DefiLlama data, the total market capitalization of stablecoins continues to decline, dropping by 0.33% over the past week, with the current market cap reported at $302.837 billions. This figure has fallen by more than $6 billions from its previous peak of $309 billions, marking the largest single-month drop since the Luna crash in May 2022.