Stablecoin Liquidity

公开

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

Stablecoin Liquidity2026-07-08

Stablecoin weekly: the $1.52B burn

USDT, USDC, and DAI contracted by $1.52B week over week, with USDT driving most of the burn. The article breaks down Big-3 supply, latest 24h chain movement, missing bridge/exchange/whale metrics, and the resulting liquidity signal for traders.

Stablecoin Liquidity2026-07-01

Stablecoin weekly: the $882M drain

USDT, USDC, and DAI lost $882M during the Jun 28 8:30 a.m. ET to Jul 1 8:00 a.m. ET transition window, while BTC broke below $60K, sentiment stayed in Extreme Fear, and ETF flows remained negative.

Stablecoin Liquidity2026-06-28

Stablecoin daily: panic stops

Big-3 stablecoin supply was nearly flat over the extended Jun 26–28 window, falling only $25.4M after the prior $1.12B drawdown. USDT's Ethereum-led shock stopped, but Solana and Hyperliquid USDC leakage, a concentrated IBIT outflow, and Hormuz stablecoin-payment risk keep the liquidity read cautious.

Stablecoin Liquidity2026-06-26

Stablecoin daily: USDT loses $1B

Big-3 stablecoins lost $1.119B in the Jun 25–26 daily window, led by a $971M Ethereum USDT reversal. Solana stabilized as USDC recovered above $7B, but BTC below $59K, Extreme Fear at 13, and $773.6M in combined BTC/ETH ETF outflows keep the liquidity signal bearish.

Stablecoin Liquidity2026-06-25

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 Liquidity2026-06-24

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 Liquidity2026-06-23

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.

Stablecoin Liquidity2026-06-22

Stablecoin daily (Jun 22): ETH USDT two-day +$433M — 5th calm day in a row

Ethereum USDT recorded its second consecutive day of major inflows (+$208.8M on Day 27, following +$224.0M on Day 26), for a combined +$432.8M two-day repatriation — the largest ETH USDT recovery event of 2026. The Big-3 aggregate entered a record fifth consecutive sub-$200M session while Solana USDC's post-FOMC reversal accelerated to +$146.0M (Day 3, cumulative +$268.5M). Against the on-chain recovery, Fear & Greed deepened to 20 (Extreme Fear) and BTC's 7-day trend worsened to −1.84%, setting up a four-variable institutional test on Monday Jun 23: ETF flows resume, BoJ Governor Ueda returns, the GENIUS Act enters Senate week, and US markets reopen with DXY near breakout levels.

Stablecoin Liquidity2026-06-21

Stablecoin daily (Jun 21): ETH USDT reverses +$224M — the inflection Day 26 was tracking

Ethereum USDT posted its first significant inflow since the post-FOMC drain began, gaining +$224M on Day 26 while Aptos USDT (−$79.9M) and Solana USDT (−$69.9M) bled simultaneously — a bridge-repatriation signal. Big-3 aggregate landed at +$131.8M (4th consecutive calm session). Solana USDC continued its reversal (+$42.5M, Day 2, decelerating). DAI surged +$83.8M, its largest post-FOMC single-day increase. F&G stalled at 23 Extreme Fear; ETF flows dark until Jun 23; Iran reimposed the Hormuz blockade while US-Iran talks opened in Switzerland.

Stablecoin Liquidity2026-06-20

Stablecoin daily (Jun 20): Rotation pauses — ETH USDT drain stops cold, Solana USDC reverses

Three drain vectors halt simultaneously on Day 25; Jun 23 reopening will confirm or deny.

Stablecoin Liquidity2026-06-19

Stablecoin daily (Jun 19): Aggregate burn pauses — Ethereum USDT posts record −$631M drain

Big-3 stablecoins posted a near-flat +$5.1M on Day 24 — a dramatic reversal from Day 23's −$760.4M post-FOMC rout — but the aggregate conceals the most extreme single-day chain rotation in the 24-day series: Ethereum USDT shed a record −$631.3M while Solana USDT (+$399.7M) and Tron USDT (+$242.4M) absorbed the exit. USDC flipped decisively positive (+$166.0M), driven by Ethereum USDC (+$251.2M) and Arbitrum (+$62.6M). BTC fell to $62,818 (−1.59%), ETH to $1,695 (−2.16%), and Fear & Greed hit a new series low of 14 (Day 20+ of Extreme Fear). IBIT led BTC ETF outflows at −$96.7M. On the regulatory front: a five-agency stablecoin CIP proposal was published and Sen. Lummis filed a GENIUS Act state-authority letter.

Stablecoin Liquidity2026-06-18

Stablecoin daily (Jun 18): Post-FOMC burn triples to $760M as Warsh's dot plot erases 2026 cut

Big-3 stablecoins burned −$760.4M on Day 23 — 3.1× Day 22's pre-FOMC drain — as Warsh's first FOMC meeting held rates at 3.50–3.75% but flipped the dot plot: 9 of 18 members now project a hike in 2026, median 2026 rate revised to 3.8%, easing bias stripped from the statement. Ethereum USDT shed −$343.2M (its largest single-day drain in the recent tracking period), Tron USDT ended its 3-day flat streak at −$162.0M, and combined BTC+ETH ETF outflows hit −$111.5M on FOMC decision day. Fear & Greed dropped to 15 (Extreme Fear), the series low; the sole counter-trend signals were Aptos (+$85.8M combined) and USDe's continued growth to $4.506B.

查看全部内容归档