Morgan Stanley Says Stablecoin Market Cap Is Contracting Again

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Morgan Stanley Says Stablecoin Market Cap Is Contracting Again

The combined market capitalization of the two largest stablecoins, tether (USDT) and USD Coin (USDC), has begun to fall again, a sign that quantitative tightening in the crypto financial system has resumed, Morgan Stanley (MS) said in a research report Tuesday. www.coindesk.com

The combined market capitalization of the two largest stablecoins, tether (USDT) and USD Coin (USDC), has begun to fall again, a sign that quantitative tightening in the crypto financial system has resumed, Morgan Stanley (MS) said in a research report Tuesday.

www.coindesk.com