2026-02-14 09:41:07

STABLECOINS leaving ETH chain

ETH-6,2%

GateNewsBot

2026-02-14 08:50:46

Ethereum stablecoins have shrunk by $1.4 billion in 7 days. Where is the on-chain liquidity quietly shifting to?

On February 14, news reports indicate that the supply of stablecoins on the Ethereum network has decreased by approximately $1.4 billion in just one week. This rapid change has quickly attracted market attention. Stablecoins are seen as the "funding buffer pool" in the crypto market. When their size shrinks significantly, it often indicates a directional shift of funds, possibly moving to other public chains, Layer 2 networks, or being directly redeemed for fiat currency.

Ethereum hosts mainstream stablecoins such as USDT, USDC, and DAI, which are core to DeFi lending, DEX trading, and derivatives margin trading. When the stablecoin supply declines, on-chain available liquidity tightens, borrowing costs rise, leverage potential is compressed, and trading activity may slow down. The $1.4 billion reduction over 7 days suggests that the "water level" of the settlement layer is rapidly dropping.

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