Stablecoin Supply Falls $14.2 Billion in Sharpest Drop Since 2022

TLDR: Stablecoin supply fell $14.2 billion in the 30 days through Nov. 9, marking its sharpest decline since June 2022, per Glassnode. USDT’s market value dropped $6.6 billion in 60 days, over twice the dollar decline recorded after FTX collapsed in late 2022. U.S. spot Bitcoin ETFs saw $1.6 billion in net outflows across 20 [...]

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