As trading volumes are falling, and assuming that trading is the dominant use case for stablecoins, a respective decline in market capitalization would be anticipated, according to Clara Medalie, Kaiko’s research director. USDC and BUSD stablecoins’ market caps have shrunk in tandem with trading volumes. “But we are not seeing this trend for Tether,” Medalie said.
Bitcoin (BTC) Mining Cost Estimate Drops to $45K as Inefficient Miners Exit: JPMorgan
“The boost from Runes proves short-lived, however, with users' activity and fees dropping dramatically over the past week or two,”...