Markets· ★★★· neutral·

Stablecoin market cap falls $414 million as DEX volumes rise 8%

  • —Stablecoin market cap declined by $414.38 million in the week of September 7–13
  • —Spot DEX volumes rose 7.95%, while perpetuals fell 7.78%
  • —Public companies added 1,615 BTC worth $126.15 million
  • —Bitmine bought 27,180 ETH for $68.19 million; Strategy left its position unchanged
Why it matters: The decline in stablecoins alongside rising DEX volumes and BTC purchases points to conversion rather than liquidity leaving the market.
#BTC#ETH
Source: Crypto Briefing
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