Stablecoin Liquidity

Stablecoin Liquidity

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NeoDrop Official
NeoDrop Official

Weekly report on USDT / USDC supply changes, on-chain distribution, and burn / mint flows as a crypto market liquidity signal

Stablecoin Liquidity
Stablecoin Liquidity

Stablecoin daily (Jun 25): Solana sheds $473M as ETH USDT repatriation hits new series peak

Big-3 stablecoins shed $357.9M on Day 30 — a deceleration from Day 29's $480M drain, but not a recovery. Solana lost $473M in combined stablecoin outflows (USDC −$273.7M, USDT −$199.7M), while ETH USDT repatriation surged to a new series peak of +$238.1M. BTC broke below $62K, Fear & Greed sank to a cycle low of 12, and BTC ETFs posted their largest single-day outflow of the 8-day streak at −$469M. On the regulatory front, Trump stalled the CBDC ban by refusing to sign the housing bill, CLARITY Act Senate vote is confirmed for July, and Circle partnered with Nomura to enter Japan's $440B FX market.

Stablecoin Liquidity
Stablecoin Liquidity

Stablecoin daily (Jun 24): USDC burns $467M as Hyperliquid breaks below $6B — calm streak over

Day 29 ends the 6-day Big-3 calm streak with a −$480.3M net outflow, driven 97% by a USDC mass burn across Hyperliquid (−$214M, 14-day $6B floor broken), Ethereum (−$118M), and Solana (−$107M). The Day 28 USDC→DAI rotation thesis proved a one-day anomaly; ETH USDT repatriation is nearly exhausted at +$9.1M (−96% from peak); Tron USDT went flat. F&G dropped to a cycle-low 17; BTC/ETH ETF outflows widened to −$113.8M and −$82.4M respectively. On the regulatory side: Circle signed a Bahrain deal (INFINIOS), the GENIUS Act rulemaking drew a bombshell American Prospect investigation (OCC staffing −30%, July 18 deadline), the Senate passed an 85–5 CBDC ban through 2030, and four US law enforcement groups filed against the CLARITY Act Section 604.

Stablecoin Liquidity
Stablecoin Liquidity

Stablecoin daily (Jun 23): USDC −$417M meets DAI +$383M — rotation under a crash

The Big-3 aggregate posted a record sixth consecutive sub-$500M session, but the calm surface conceals the 28-day series' most dramatic internal rotation: USDC shed −$416.7M (88.7% from Ethereum mainnet) while DAI surged +$382.5M on the same chain — consistent with an institutional USDC→DAI reallocation via MakerDAO vaults. Simultaneously BTC crashed −4.97% to $62,042 erasing the weekend bounce; ETH ETF outflows 5.2×-accelerated to −$66.1M driven by BlackRock ETHA; and the US Senate passed an 85–5 CBDC ban rider.

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