The supply of stablecoins has decreased by $14.2 billion (equivalent to 2.2 trillion yen) over the past 30 days, marking the fastest contraction since June 2022. This was revealed in a report by blockchain data analysis firm Glassnode on the 11th.
The stablecoins that decreased this time (such as USDC and USDT) are dollars held by traders on exchanges or blockchains before making purchases. Glassnode has identified this as cash in the cryptocurrency market...