The Stablecoin Supply Ratio (SSR) is a vital market indicator that has been steadily climbing since the start of the year, signifying a decrease in the purchasing power of stablecoins.

The SSR is a metric that provides insight into the supply and demand dynamics between Bitcoin (BTC) and the U.S. dollar. The calculation of SSR involves dividing the total supply of stablecoins by the market capitalization of Bitcoin.

When the SSR is low, it indicates that the buying power of stablecoins is high. This means that for each dollar represented by stablecoins, there is a larger portion of Bitcoin’s market cap available for purchase.

On the other hand, a high SSR suggests that the buying power of stablecoins is low. In this scenario, each dollar represented by stablecoins can buy a smaller portion of Bitcoin’s market cap.

The attacker who targeted Curve Finance, a decentralized finance (DeFi) protocol, has begun returning some of the stolen funds. The attacker sent 4,821 Ethereum (ETH), worth approximately $9 million, in a series of transactions to Alchemix Finance, one of the victims.

Earlier today, the attacker had sent an on-chain message to Alchemix, asking the protocol to confirm its address before the funds were sent. The attacker further explained that he returned funds because he did not want to ruin the projects.