- The Stablecoin market has exhibited resilience amidst market turbulence.
- A decrease in outflows has signaled a potential for a bullish turnaround.
- A significant exodus of stablecoins has triggered supply depletion.
Analyzing the Netflow data provided by CryptoQuant has revealed that there has been a decline in stablecoin liquidity, as outflows have outweighed inflows.
However, data from Glassnode on May 13th showed a different perspective when considering the monthly supply change from a higher timeframe standpoint. It revealed a decline in stablecoin...