Stablecoin Market Shrinks for 14th Straight Month, Posing Potential Headwinds for Crypto Prices

“Stablecoins are the liquidity of the crypto ecosystem. The more liquidity, the more capacity for investment and speculation,” Tom Dunleavy, a macroeconomic analyst, said in a note to CoinDesk. “The continued drawdown, despite the increasing number of applications, tells me that we are not out of the woods yet for this secular bear market.”