Dollar-Stablecoin Market Cap Shrinks by $10B to $300B as Crypto Outflows Accelerate

USDC-0.01%
USD1-0.03%
According to PANews, on July 4, the total market capitalization of dollar-denominated stablecoins fell by approximately $10 billion to $300 billion amid a six-month crypto market downturn. USDC experienced the largest outflows with a net withdrawal of approximately $6.6 billion, declining from $79.6 billion to $73 billion, while USDT saw net outflows of roughly $5.7 billion. Displaced funds have shifted toward equity markets. In contrast, USD1 recorded approximately $500 million in net inflows, growing from $4.1 billion to $4.6 billion, among the few assets gaining ground during the period.
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