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Data: About $3.5 billion worth of stablecoins have been redeemed in the past 14 days

November 27, 2022
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According to Coinmarketcap data, about $3.5 billion worth of stablecoins have been redeemed in the past 14 days. Among them, the supply of USDT, the stablecoin issued by Tether, has dropped from more than $67 billion to $65 billion, which means that since the collapse of FTX, investors Approximately $2 billion in USDT has been redeemed.

This concern has also spread to Binance-backed BUSD, whose supply has dropped from over $23 billion to around $22.5 billion, a loss of $500 million. DAI was also affected, with its supply falling from $5.7 billion to $5.2 billion.

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