# The Aggregate Stablecoin Supply has been experiencing severe outflows

By [0x0419](https://paragraph.com/@0x04193) · 2023-05-14

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The Aggregate Stablecoin Supply has been experiencing severe outflows as market participants have rampantly redeemed their tokens following the LUNA collapse, culminating in a peak monthly outflow of -$8.6B.

However, when assessing the monthly supply change from a high timeframe perspective, Stablecoin outflows have been diminishing, suggesting initial glimmers of returning demand and capital inflows into the digital asset space.

[https://twitter.com/glassnode/status/1657353454715543553](https://twitter.com/glassnode/status/1657353454715543553)

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Andrew Kang: “The great rise of Tether profitability changes the flow dynamics of BTC in a big way

If they direct most of their annualized $6b profits into BTC, it almost completely offsets selling pressure from Gox, US gov”.

[https://twitter.com/rewkang/status/1657454477585129472](https://twitter.com/rewkang/status/1657454477585129472)

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*Originally published on [0x0419](https://paragraph.com/@0x04193/the-aggregate-stablecoin-supply-has-been-experiencing-severe-outflows)*