Liquidity shock set to hit crypto market as FTX unleashes 2% of stablecoin supply in $5B creditor payout

FTX has begun distributing over $5 billion in stablecoins to creditors, unleashing approximately 2% of the total stablecoin supply into the market. FTX is set to release over $5 billion in stablecoins to creditors starting today, May 30. This marks…