Stablecoin Supply Sheds $15 Billion in Biggest Drop Since Terra

The stablecoin market cracked this summer, shedding roughly $14.56 billion after new federal rules wiped out interest payments on digital dollars. Moves like this tend to flush out yield-driven capital first, leaving traders scrambling to reposition. Data collected by defillama.com over the past seven days shows the stablecoin sector bled another $2.767 billion. Total stablecoin […]

Source: https://news.bitcoin.com/stablecoins/stablecoin-supply-sheds-15-billion-in-biggest-drop-since-terra/