“It is difficult to discern if this is a meaningful change in sentiment given its small size, although minor outflows were seen across a broad set of providers,” James Butterfill, CoinShares’ investment strategist, wrote in the report. “It also comes at a time of low trading volume and a recovery in prices, suggesting there could be an element of minor profit-taking.”
Juiced USDS Yields Woo Solana Traders to Sky’s Stablecoin
The heady growth is about as preordained as anything could be in DeFi. Sky is spending $2 million a month...