The crypto market has seen a shift in the winds, as the total market capitalization of stablecoins experienced a decrease of 0.57% to $128 billion in June, the lowest it’s been since September 2021, according to the latest Stablecoins & CBDCs report by CCData. The figures mark the fifteenth consecutive month of decline in the stablecoin market. Amidst the downward trend, however, the market dominance of stablecoins rose to 11.8%, in a decrease from its all-time high of 16.6% in December 2022, but an increase from 11.0% in May, showing the fluctuating nature of the market.