Stablecoin Market Cap Plunges $7B in One Week as Crypto Investors Flee to Traditional Assets

TLDR: ERC-20 stablecoin market cap fell from $162 billion to $155 billion in just seven days of trading. Investors are converting stablecoins to fiat currency to gain exposure in precious metals and equity markets. Similar stablecoin declines in 2021 preceded Bitcoin’s entry into an extended bear market phase globally. Multi-chain data confirms the outflow trend [...]

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