Why isn’t $315B stablecoin supply lifting crypto markets?
The stablecoin market continues to show resilience despite ongoing weakness across crypto markets. While periods of outflows remain visible, the broader stablecoin supply has largely stabilized rather than entering a sustained decline. Earlier in February, Tether [USDT] and USD Coin [USDC] monthly liquidity outflows approached $8 billion. Since then, the pace has eased to roughly $4 billion, suggesting capital is no longer leaving the ecosystem as aggressively as before.