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May 12,2022
Total Supply of Stablecoins Is Decreasing for the First Time Since a Long Time The total supply of stable coins peaked this March 2022 and has been going down since. With the current LUNA-UST catastrophe, rapidly rising interest rates environment, and wars, people are de-risking themselves even by getting out from stablecoins. Google trends are showing low interest in Bitcoin. The latest all-time high rally in Nov 2021 was mostly due to institutional movements. Retail interests have been low since May last year. Views from tanasta2 from CryptoQuant.
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