Data: Over $3.5 billion worth of stablecoins have been redeemed in the last two weeks

11/27 14:20

According to Beincrypto, crypto investors have redeemed over $3.5 billion worth of stablecoins in the last two weeks. According to CoinMarketCap data, Tether’s USDT supply fell from over $67 billion in the last two weeks to $65 billion. This means that investors have redeemed roughly $2 billion USDT since FTX’s implosion. The fear was also spread to BUSD, its supply has fallen from over $23 billion to around $22.5 billion, losing $500 million. Even DAI was affected as its supply dropped to $5.2 billion from $5.7 billion.

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