The total supply of leading stablecoins USDT and USDC has decreased by $13.9 billion in recent months, according to on-chain analyst Ember. USDT's supply fell by $7.4 billion, while USDC's dropped by $6.5 billion, reflecting the sluggish crypto market. Despite this, stablecoin adoption continues to grow, with real economic transaction volumes reaching $8.82 trillion in the first half of the year, nearing last year's record of $10.8 trillion. Interestingly, USDT on the Tron network has defied the overall supply decline, reaching a new high of $90.3 billion, up by $2 billion in the past month. This growth contrasts with the decrease in USDT on Ethereum, which is primarily used in DeFi. The Tron network's core applications, including transfers, remittances, and payment settlements, continue to experience rising demand.