Tom Wan, an analyst at 21Shares, a cryptocurrency ETP issuer, noted a significant decrease in stablecoin liquidity in DeFi platforms, reporting a $1 billion (-55%) and $380 million (-33%) reduction. This reduction is attributed to the convergence of the US base interest rate with stablecoin interest rates offered by DeFi, reducing the appeal of 'high risk, high return'. Despite this decline, Wan highlighted that as cryptocurrency exhibits recent strength, the demand for leverage is rapidly rising. It remains uncertain whether stablecoin liquidity in DeFi will experience an increase. 💰📉 #CryptoMarketTrends #StablecoinDeFiLiquidity