Stablecoins Shrink as Cash Drains, Endangering Bitcoin’s Bounce
Top stablecoins shrink as crypto cash flees, posing risk to bitcoin’s bounce The circulating supply of major U.S. dollar-pegged stablecoins has declined, signaling that cash is leaving the crypto market and reducing a key source of liquidity that often supports broader trading activity. Stablecoins such as USDT and USDC function as the primary “cash” instruments…
