1d 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

More Breaking News

M Is Trading At $4.19, Up 16.9% In 24 Hours And 150.3% Over The Past 30 Days, According To Coingecko Data. The Rally Has Pushed @Memecore_m To A Market Capitalisation Of $7.36 Billion And The Number 17 Spot On Coingecko'S Rankings, Just Days After The Token Hit A Fresh All-Time High Of $4.65 On April 18.Nigerian Web3 Startups Raised $43 Million In 2025, More Than Double The $20 Million Recorded The Previous Year, According To The Hashed Emergent Nigeria Web3 Landscape Report 2025. The Finance Sector Dominated, Accounting For 89% Of Total Funding At $38 Million — A Fivefold Increase Driven Largely By Stablecoin Payments, Cross-Border Transfers, And Fiat-To-Crypto Infrastructure Companies.Core Enters Bullish Mode As Price Surges Arkham Launches Decentralized Trading Platform On Solana Microstrategy Is Swimming In $Btc Profit This April...Binance And Upbit List Gpu-Backed Synthetic Dollar $Chip Machi Big Brother Goes Big On $Btc Again Tether Is Minting Billions Worth Of $Usdt On Ethereum Kelpdao Hacker Moves Massive Funds Amid Investigation Trump Fed Pick Warsh Vows Monetary Policy Independence Tim Cook To Step Down As Apple Names New Ceo M Is Trading At $4.19, Up 16.9% In 24 Hours And 150.3% Over The Past 30 Days, According To Coingecko Data. The Rally Has Pushed @Memecore_m To A Market Capitalisation Of $7.36 Billion And The Number 17 Spot On Coingecko'S Rankings, Just Days After The Token Hit A Fresh All-Time High Of $4.65 On April 18.Nigerian Web3 Startups Raised $43 Million In 2025, More Than Double The $20 Million Recorded The Previous Year, According To The Hashed Emergent Nigeria Web3 Landscape Report 2025. The Finance Sector Dominated, Accounting For 89% Of Total Funding At $38 Million — A Fivefold Increase Driven Largely By Stablecoin Payments, Cross-Border Transfers, And Fiat-To-Crypto Infrastructure Companies.Core Enters Bullish Mode As Price Surges Arkham Launches Decentralized Trading Platform On Solana Microstrategy Is Swimming In $Btc Profit This April...Binance And Upbit List Gpu-Backed Synthetic Dollar $Chip Machi Big Brother Goes Big On $Btc Again Tether Is Minting Billions Worth Of $Usdt On Ethereum Kelpdao Hacker Moves Massive Funds Amid Investigation Trump Fed Pick Warsh Vows Monetary Policy Independence Tim Cook To Step Down As Apple Names New Ceo

(Advertisement)

Author

BSCN

BSCN's dedicated writing team brings over 41 years of combined experience in cryptocurrency research and analysis. Our writers hold diverse academic qualifications spanning Physics, Mathematics, and Philosophy from leading institutions including Oxford and Cambridge. While united by their passion for cryptocurrency and blockchain technology, the team's professional backgrounds are equally diverse, including former venture capital investors, startup founders, and active traders.