Stablecoin Supply Falls $14.2 Billion in Largest 30-Day Drop Since June 2022
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Stablecoin supply contracted by $14.2 billion over 30 days, its sharpest fall since the nearly $30 billion decline of June 2022, according to Glassnode. The outflow reduces liquidity available for a crypto rally as Bitcoin trades near 11-week lows and USDT remains slightly below its $1 peg.
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