Redemptions Wipe Out Over $2 Billion in Stablecoin Economy in June

07/02 22:15

July 3 (Huobi) - The stablecoin economy has suffered a significant contraction in June, with over $2 billion in redemptions recorded. The net value of the stablecoin economy dropped from $130.28 billion on May 28 to $128.21 billion on July 2, indicating a loss of $2.07 billion in just over a month. Three out of the top five stablecoins by market valuation experienced redemptions, with USDC, DAI, and BUSD seeing reductions in their supply.
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