Latest / The Cryptocurrency Economy with Fexingo: Bitcoin, Ethereum, and Digital Money Markets
Why Stablecoin Supply Dropped During Bitcoin Recovery
Bitcoin rose three percent in the last five days to $63,644, yet the total stablecoin market cap kept shrinking. Lucas and Luna unpack why — looking at the collapse of TerraUSD in 2022, the rise of yield-bearing alternatives like USDe from Ethena, and the broader shift in how capital sits on crypto exchanges. With the Fed holding rates at 3.63 percent and the SpaceX IPO sucking up billions, they ask whether the classic ‘dry powder’ narrative is broken. A focused look at a quiet but consequential divergence in crypto markets.
#Stablecoins #Bitcoin #CryptoMarkets #USDe #Ethena #TerraUSD #DeFi…
The skinny
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