The total supply of stablecoins has fallen to 309.2 billion. In a single day, 320 million were directly burned, with USDT taking the biggest hit.
According to DefiLlama’s data, the entire network saw a net burn of 316M over the past 24 hours, and USDT shrank along with it. In plain terms, on-chain liquidity is being pulled out.
Burning 320 million in a day—over the recent period, that’s around the upper-middle level. As stablecoin supply tightens, leverage and purchasing power also drop, and funds are moving out of on-chain transaction mediums.
#Stablecoin #USDT
According to DefiLlama’s data, the entire network saw a net burn of 316M over the past 24 hours, and USDT shrank along with it. In plain terms, on-chain liquidity is being pulled out.
Burning 320 million in a day—over the recent period, that’s around the upper-middle level. As stablecoin supply tightens, leverage and purchasing power also drop, and funds are moving out of on-chain transaction mediums.
#Stablecoin #USDT