Stablecoin transfer volume dropped 19.18% to 831 billion dollars over the past 30 days, but total market cap rose 2.06% to 305.29 billion and holders increased 2.32% to 246.94 million.USDT, USDC, and DAI posted strong net inflows of 3.6 billion, 2 billion, and 1.2 billion dollars respectively, while Ethena’s USDe suffered 1.1 billion dollars in net outflows amid yield compression and sustainability concerns.The slowdown in transfer volume follows a period when monthly stablecoin turnover hit 1.78 trillion dollars and annual volumes topped 33 trillion, pointing to a consolidation phase as Bitcoin and Ethereum trade off recent highs.