Stablecoin Supply Plummets Amid Record Trading Volume
The stablecoin market experienced a significant decline in supply over the past week, despite reaching a record trading volume of $1.79 trillion.
Total stablecoin market value fell to approximately $266 billion after recent redemptions across major issuers.
Tether (CRYPTO:USDT) and USD Coin (CRYPTO:USDC), the two largest stablecoins, both recorded supply declines during the reporting period.