Stablecoin supply falls $14.2B in biggest 30-day drop since June 2022
Summary
The total market capitalization of major stablecoins decreased by 14.2 billion dollars over a thirty-day period. This decline marks the largest monthly reduction recorded since June of 2022. As a result, the crypto market is currently left with reduced capital to support potential price rallies.
Crypto markets were left with “less fuel” to rally after the market cap of major stablecoins saw its biggest 30-day drop in over four years.
Source: Read the full story at Cointelegraph.com News
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