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Morgan Stanley Says Stablecoin Market Cap Is Contracting Again

The bank said it sees little evidence of leverage rebuilding in the decentralized finance (DeFi) ecosystem.

Updated May 11, 2023, 6:04 p.m. Published Aug 31, 2022, 11:02 a.m.
Quantitative tightening in the crypto financial system has resumed, Morgan Stanley says. (Steve Buissinne/Pixabay)
Quantitative tightening in the crypto financial system has resumed, Morgan Stanley says. (Steve Buissinne/Pixabay)