DeFi & Stablecoin Update: Volume Drops 7%
Summary
The Upside shares a DeFi+L1L2 update covering a 7% decline in stablecoin transaction volume last month despite higher supply and active addresses. It highlights DeFi United's plan to restore rsETH backing and reports Morgan Stanley's new money market fund for stablecoin issuer reserves. These developments affect liquidity and risk across L1 and L2 ecosystems.
DeFi+L1L2 Update:
🔀 Stablecoin tx volume fell 7% last month, even with increases in supply and active addresses
📝 DeFi United released a plan to restore rsETH backing
🏦 Morgan Stanley introduced a money market fund for stablecoin issuer reserves
Full details 👇
https://crypto.com/market-updates/defi-l1l2-weekly-2026-04-29?utm_source=x&utm_medium=x&utm_campaign=rni_defi-l1l2
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