The capitalization of stablecoins in the Ethereum network fell from $162 billion to $155 billion in less than a week. This was reported by analysts from the CryptoQuant platform. According to them, this is the first such reduction in the current market cycle.

CryptoQuant noted that the decrease in capitalization indicates a liquidity outflow from the market. Investors are converting stablecoins into fiat currencies, likely for investments in other assets.

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