13h ago

Ethereum Loses $520m In Stablecoins In One Day

The @Ethereum network saw stablecoin outflows of more than $520 million in a single day, according to @cryptodotnews.

Despite the outflow, $ETH retains a commanding position in the stablecoin market, with approximately $167 billion worth of stablecoins currently held on the network.

Its nearest rival, @trondao $TRX, hosts around $87 billion, leaving Ethereum roughly twice the size of its closest competitor in stablecoin terms.

Ethereum Loses $520m In Stablecoins In One Day

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