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Crypto stablecoin market cap shrinks by $10B as funds shift to U.S. stocks

Crypto stablecoin market cap shrinks by $10B as funds shift to U.S. stocks

According to on-chain analyst Yujin, the total market capitalization of stablecoins in the crypto market has decreased by approximately $10 billion, now standing at around $300 billion. The total supply of Tether (USDT) has dropped from approximately $189.8 billion to $184.1 billion, with a net outflow of about $5.7 billion. The total supply of USD Coin (USDC) has fallen from approximately $79.6 billion to $73 billion, with a net outflow of about $6.6 billion. Circle’s stock price has declined from around $136 to approximately $64. The total supply of USD1 has increased from approximately $4.1 billion to $4.6 billion, with a net inflow of about $500 million.

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