Wu Blockchain has learned, according to CryptoQuant data, that USDT's rolling supply change over the past 60 days has decreased by approximately $4 billion, with $870 million of that reduction occurring in just the past 11 days. Analyst Stacy Muur pointed out that some investors seem to be directly cashing out by converting stablecoins into fiat currency; additionally, stablecoin yield rates might be another factor.