Google Trends data showed search volume for “stablecoins” down 54% month over month in June, while DeFiLlama showed stablecoin market cap around $313.2 billion on June 27. Visa's stablecoin settlement pilot reached a $7 billion annualized run rate in April, and Stripe rolled out USDC-denominated Treasury balances for businesses in 101 previously unsupported countries.