USDC's $4.69 billion loss makes up most of the stablecoin market's monthly decline

As of Oct. 25, Circle’s USDC made up around 80% of the net 30-day drop among the 13 largest stablecoins, according to monthly DeFiLlama figures. Circle’s token lost $4.69 billion in the month. The 13 tokens lost $5.82 billion in net value. USDC’s market cap was $71.743 billion, down $878.72 million just in the last week. Tether gives up $1.29 billion and keeps a 60.74% share The total stablecoin market declined to $300.36 billion on Oct. 25. DeFiLlama data shows it has lost $12.73 billion since May 22. Tether’s USDT fell less over the month. It had a market cap of $182.423 billion, down $1.29 billion in 30 days, down $990.43 million in 7 days and still possesses 60.74% of the market.

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