Glassnode: Stablecoin supply is rapidly shrinking, with monthly outflows reaching a new high since 2022

Odaily Planet Daily News: Glassnode posted on X, stating, 'The supply of stablecoins is rapidly shrinking. In the past month, the total supply of stablecoins has decreased by $17 billion, marking the largest single-month decline since 2022. As holders convert stablecoins into fiat currencies, purchasing power for BTC and the entire crypto market is also being lost. For a true bull market to emerge, capital must flow into the crypto ecosystem rather than continue to exit.'