Solana loses 6.4 percent of its stablecoin reserves: what counts for your sell order now

Solana holds $16.33 billion in stablecoins on Sunday afternoon. On September 25 the figure was $17.45 billion. Around $1.12 billion has therefore left the chain in 16 days, just under $70 million a day on average. That is 6.4 percent of the entire stablecoin cushion, and it is the number that reaches you when you sell, earlier than any price headline does. Stablecoins are a blockchain's cash. Sell something on Solana and you will almost never be credited in euros; what arrives is a dollar token. When that stock shrinks, the other side of your sell order shrinks with it.