Bitcoin is Falling, But $273 Billion in Stablecoins Isn’t Leaving

Stablecoin liquidity is staying inside crypto rather than cashing out. Still, it is bypassing exchanges and flowing into yield strategies, tokenized stocks, prediction markets, and real-world assets, according to an analyst. The pattern helps explain why the combined supply of leading dollar tokens has held near $273 billion even as Bitcoin (BTC) slid below $60,000