The stablecoin market cap is now below its January 1 level, marking a notable slowdown in stablecoin expansion this year.
Stablecoins are a key source of liquidity for crypto, so a shrinking supply can point to less fresh capital sitting on the sidelines ready to enter risk assets.
If the market wants a sustained recovery, renewed stablecoin growth would be an important metric to watch.$SNDK
Stablecoins are a key source of liquidity for crypto, so a shrinking supply can point to less fresh capital sitting on the sidelines ready to enter risk assets.
If the market wants a sustained recovery, renewed stablecoin growth would be an important metric to watch.$SNDK