Glassnode: Capital outflow slows down, stablecoin market demand may recover

According to ChainCatcher's message and analysis from Glassnode, due to market participants massively redeeming their tokens after the LUNA crash, the overall supply of stablecoins has been experiencing significant outflows, with a peak outflow of 8.6 billion dollars within a month.

However, when examining the monthly supply changes from a higher time frame, it can be seen that the outflows of stablecoins have started to decrease, which seems to indicate a rebound in demand for stablecoins, and capital is beginning to flow back into the digital asset market. (source link)