Market Wrap: Cryptos Are Higher After a Volatile Week

Market Wrap: Cryptos Are Higher After a Volatile Week


The chart below, provided by Glassnode, shows the 30-day change in aggregate stablecoin supply (blue) alongside the contribution by stablecoin USDC (red). Since last May, USDC has been a significant contributor to total stablecoin supply growth. Recently, however, USDC has been the primary stablecoin asset experiencing redemption.

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