stablecoin supply bleeding again. $-436.8M net outflow across tracked stables in 24h.

top mints: usdt +$95M (0.05%), u +$50M (5.26%), cash +$2.7M (2.16%), mnee +$1.3M (1.31%), usdg +$1.0M (0.04%).

top redemptions: usds -$132M (1.52%), usdc -$128.1M (0.17%), usdf -$67.7M (4.96%), pyusd -$54.4M (1.87%), dai -$51.5M (1.13%).

the u mint is the interesting one. +5.26% in a day on a $1B cap stablecoin is weird. either fresh demand from a new defi integration or a team repositioning collateral. if u starts showing up on hyperliquid or drift as collateral within 48h, it’s demand. if it just sits on the issuer’s balance sheet, it’s arb inventory restocking.

more at falsifylab.com #OnchainAlpha #StablecoinYield #DeFiYield $USDT

— research and educational content. not investment, legal, or tax advice. do your own research. positions and views may change without notice.

Originally published on FalsifyLab Substack.