---
title: "EmberCN: USDT and USDC Supply Falls by $13.9 Billion as Tron USDT Hits Record $90.3 Billion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292368346.md"
description: "The combined circulating supply of USDT and USDC dropped by $13.9 billion due to a crypto market downturn, with Ethereum's DeFi sector driving the decline. Conversely, Tron network USDT issuance hit a record $90.3 billion, fueled by steady demand for cross-border transfers. Despite lower supply, stablecoin real-economy transaction volume reached $8.82 trillion in H1, nearing last year's record."
datetime: "2026-07-11T03:33:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292368346.md)
  - [en](https://longbridge.com/en/news/292368346.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292368346.md)
generator: "portal-rs"
---

# EmberCN: USDT and USDC Supply Falls by $13.9 Billion as Tron USDT Hits Record $90.3 Billion

Combined circulating supply of the two largest stablecoins, USDT and USDC, has fallen by about $13.9 billion amid a broader crypto market downturn in recent months. According to ChainCatcher, EmberCN monitoring data shows USDT supply declined by about $7.4 billion and USDC by about $6.5 billion. Despite the contraction in overall issuance, stablecoin usage in real-economy scenarios continued to rise. In the first half of this year, stablecoins’ real-economy transaction volume (ATV) reached $8.82 trillion, nearing last year’s full-year record high of $10.8 trillion, with USDT contributing more than half. Against the broader pullback, USDT issuance on the Tron network climbed to a record $90.3 billion, adding about $2.0 billion over the past month. EmberCN attributed the net decline in stablecoin supply mainly to the Ethereum ecosystem, which is more DeFi-focused, while Tron’s demand in cross-border transfers and payment settlement continued to grow steadily.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**