ZachXBT said major stablecoin issuers like Tether and Circle define blockchain legitimacy, while questioning the absence of stablecoins on Cardano and XRP Ledger.
CoinShares cited the Bybit hack, more hawkish US Fed rhetoric and a previous $29 billion buying streak as reasons for the record-breaking weekly outflows.
Binance will delist nine stablecoins, including USDT and DAI, in Europe on March 31 to comply with MiCA regulations, while still allowing custody and conversions.