📉 Stablecoins lose $14.2 billion in 30 days
The supply of stablecoins, which are cryptocurrencies pegged to the dollar, fell by $14.2 billion over the past month, its biggest drop in four years. This reduces the liquidity available in the market, limiting the “fuel” for cryptocurrency prices to rise.
#CryptoNews
Source: Cointelegraph · https://cointelegraph.com/markets/stablecoin-supply-drops-worst-slump-since-mid-2022?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The supply of stablecoins, which are cryptocurrencies pegged to the dollar, fell by $14.2 billion over the past month, its biggest drop in four years. This reduces the liquidity available in the market, limiting the “fuel” for cryptocurrency prices to rise.
#CryptoNews
Source: Cointelegraph · https://cointelegraph.com/markets/stablecoin-supply-drops-worst-slump-since-mid-2022?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
