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Why are investors fleeing crypto’s safe haven? By Cointelegraph - Modern Digital India
Thursday, May 28, 2026

Why are investors fleeing crypto’s safe haven? By Cointelegraph

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In a year filled with uncertainty in the cryptocurrency space, a new trend has been unraveling: a stablecoin exodus that has now lasted for 18 consecutive months and has seen the market dominance of stablecoins drop to 11.6%.

According to a report from CCData, the total market capitalization of the stablecoin sector in July was $124 billion amid a 18-month decline that affected most major stablecoins. While Pax Dollar (USDP), (USDC) and Binance USD (BUSD) all saw declines, the largest stablecoin by market cap, (USDT), has kept on growing.