The stablecoin market situation is attracting attention: over $3 billion in stablecoins have left centralized exchanges in the past week. However, this trend may indicate new investment strategies.
Stablecoins Exiting Exchanges
In the past week, over $3 billion worth of stablecoins were withdrawn from major centralized exchanges. This suggests that users are not planning to sell their assets anytime soon, preferring to move their funds to wallets, DeFi applications, or cold storage. This trend has continued for six weeks in a row, marking one of the longest withdrawal streaks in 2025.
Ethereum’s Position and Other Chains
Ethereum remains the primary repository for stablecoins, adding $691 million in just the last 24 hours. However, other chains such as Aptos, Tron, and Arbitrum also saw inflows, frequently offering lower fees and faster transaction times. Users are bridging coins to these chains for access to low-fee trading or new DeFi opportunities.
Growth of Yield-Bearing Stablecoins and Their Significance
The rise in overall stablecoin supply is largely due to the emergence of yield-bearing stablecoins that provide users with additional income just for holding them. For instance, USDe has led this trend with an addition of $2.73 billion since July 18. This is the first time in cryptocurrency history that yield-bearing stablecoins are growing faster than regular ones, signaling a smarter capital allocation by users.
Despite the outflow of stablecoins from exchanges, the market shows no signs of panic. Instead, there is an interesting shift in strategies, where users are opting for safer or higher-yielding options for their assets, which could indicate further strengthening of stablecoins in the market.
