US EditionSolana stablecoin supply dip led by $1.8B USDC outflow
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Blockworks
BlockworksSolana stablecoin supply dip led by $1.8B USDC outflow
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Solana’s real economic value, app revenue, and DEX volumes were all up on the order of 20-30% in May, but one noteworthy figure didn’t keep pace: stablecoin supply. Today, there are 15% fewer stablecoins on Solana than a month ago, per Blockworks Research data. Stablecoins are often an important source of liquidity for doing things like swapping in and out of SOL…
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