Stablecoins Shrank by $5 Billion in a Week. Can Ethereum Rally While Money Leaves Crypto?
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BizTocStablecoins Shrank by $5 Billion in a Week. Can Ethereum Rally While Money Leaves Crypto?
Billions in dollar-pegged tokens are quietly leaving crypto, yet Ethereum has barely flinched. Two earlier supply drains ended very differently for ETH, and the gap between them holds a warning for anyone assuming this calm will last.
Ethereum recorded the largest daily market capitalization increase among issuers (stablecoin producers) in the last 24 hours: an additional supply of $337.4 million, surpassing Ripple's peak from the previous day...
🚨 In the last 24 hours, Ethereum has overtaken Ripple, which is linked to $XRP, in stablecoin growth. 📊 Ethereum saw a market capitalization increase of $337.4 million, while Ripple saw an increase of $39.6 million. 🧭 Ripple, which was the leader the day before, dropped to second place after a $34.7 million increase the previous day. Read More: Ethereum Overtakes Ripple in Stablecoin Growth in the Last 24 Hours The article "Ethena Overtakes R…
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