Stablecoin Google Searches Drop 54% in June as Supply Growth Slows
JH Kim
Summary
- Market interest in stablecoins is waning, and supply growth is slowing as well.
- June's Google search index was about 45, down about 54% from 98 in May.
- Total stablecoin supply fell by about $5 billion over three weeks after peaking at about $300 billion, while supply growth since the start of the year was just 0.23%.
Forecast Trend Report by Period
Market interest in stablecoins is waning, and supply growth is slowing as well.
The Block, a cryptocurrency-focused media outlet, reported on June 25 that Google Trends data for June stood at 31. On a monthly basis, that translates to about 45, down about 54% from 98 in May.
Search volume peaked in August last year amid debate over the GENIUS Act and a series of stablecoin-related announcements from Stripe, Visa, Mastercard and major US banks, The Block reported.
Total stablecoin supply peaked at about $300 billion in early June before declining by about $5 billion over the past three weeks. Supply growth since the start of the year was 0.23%, sharply slower than 56% in 2024 and 46% in 2025.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.