HBAR Nears Yearly Low as Stablecoin Liquidity on Hedera Dries Up

Hedera Network’s native token, HBAR, is facing renewed bearish pressure after suffering a sharp 15% decline over the past seven days. Now teetering on the edge of its year-to-date low, the HBAR token price may extend its downward trajectory as network-wide liquidity dries up. Hedera Stablecoin Supply Hits 90-Day Low According to DefiLlama, stablecoin supply on Hedera has slumped to its lowest level in 90 days. At press time, this is at $41 million, down more than 80% from last month’s peak of $216 million source: https://beincrypto.com/hbar-decline-stablecoin-liquidity/