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3232Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation
https://www.digit.info/stablecoin-supply-plummets-after-depegging-event-7-4b-dollar-pegged-tokens-withdrawn-from-circulation/
Fri, 17 Mar 2023 18:30:14 +0000https://www.digit.info/2023/03/17/stablecoin-supply-plummets-after-depegging-event-7-4b-dollar-pegged-tokens-withdrawn-from-circulation/Read more]]>During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, a total of 439.48 million BUSD stablecoins have been redeemed. Stablecoin Depegging Event Triggers Billions in Redemptions The stablecoin landscape […]