Finally, the crypto market is entering a new phase when funds are returning to the industry rather than flowing out of it
a potential turnaround in the stablecoin sector. The data analytics firm noted that the aggregate supply of stablecoins has seen a significant change in the dynamics of its outflows, hinting at a resurgence of demand and capital inflows into the cryptoIn the wake of the LUNA collapse, stablecoin holders rapidly redeemed their tokens, leading to a peak monthly outflow of -$8.6 billion.
This marked a period of severe cashing out from stablecoins, with many market participants moving their capital out of the crypto space. However, a close look at the data shows that this trend is not only subsiding, but also reversing.Supply has been experiencing severe outflows as market participants have rampantly redeemed their tokens following the LUNA collapse, culminating in a peak monthly outflow of -$8.6B.
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