Summary: Yield-bearing stablecoins fell 15% in the second quarter, shedding over $3.5 billion; total supply dropped from $315 billion to $312B . Talos said demand for stablecoins, spot BTC ETFs, and corporate BTC purchases weakened.


Overview: Yield-bearing stablecoins fell 15% in Q2, with total supply declining from $315 billion to $312B . Talos pointed to three weak demand channels: stablecoin supply, spot BTC ETF inflows, and corporate BTC buys.
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