Markets1 source
Stablecoin supply drops $14.2 billion in largest contraction since 2022 bear market
Headline from The Block
Key points
- The global stablecoin supply has decreased by $14.2 billion, marking the largest contraction the market has experienced since the 2022 bear market.
- Over the past month, leading stablecoins Tether and USD Coin saw their combined supply fall by nearly $11 billion.
- In contrast, gold-backed digital tokens maintained a steady market supply during the same timeframe.
Summarized automatically by Kryptokite from reporting by The Block. Read the original sources for full detail.
Coins mentioned
Sources
- The BlockStablecoin supply drops $14.2 billion in largest contraction since 2022 bear market · 1 hour agoRead on The Block
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