Crypto Liquidity Dries Up Further as Stablecoin Supply Falls

Stablecoin capitalization declined $17 billion, or 6%, from April's $280 billion to $263 billion, its lowest level in over a year. Binance's 90-day average stablecoin capitalization fell 20% from $51 billion to $34 billion, with the platform hack contributing to the contraction. USDT and USDC remain the largest stablecoin pools at approximately $175 billion and $65 billion, while continued supply growth could support broader crypto liquidity. Stablecoin market capitalization has fallen to its lowest level in over a year, analyst Darkfost reported. Total supply declined $17 billion since April, while Binance recorded a sharper contraction after a platform hack.

Source: Crypto Front News