A noticeable shift away from stablecoins has taken place over the past 18 months.
Stablecoin dominance subsiding
The market dominance of stablecoins has significantly declined to 11.6%. This unexpected shift is surprising since stablecoins are typically seen as a safe haven in the volatile cryptocurrency market, designed to maintain a stable value.
The stablecoin sector has experienced a decrease in market capitalisation, going down from $124 billion in July. This decline has impacted various major players, with some like Tether managing to maintain growth while others have faced significant drops.
There are several reasons contributing to the exodus from Binance.US. Regulatory challenges, including the suspension of fiat currency deposits due to a lawsuit by the U.S. Securities and Exchange Commission, have played a role in this shift. Furthermore, concerns about government control and the potential impact of a Central Bank Digital Currency (CB
We współpracy z: https://cryptodaily.co.uk/2023/09/stablecoin-outflows-not-all-doom-and-gloom
