USDT供給ローテーション観察: Tether監査強化(KPMG/PwC)により、ステーブルコイン間の流動性移動が加速。オンチェーンデータでUSDC/USDTの相対供給比率が過去30日で3.2%シフト、これは機関投資家による担保最適化を示唆。米国規制圧力下での供給再配置メカニズムが機能している。
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