FTX Releases $5 Billion in Stablecoins, Signaling Liquidity Shock for Crypto Market

FTX has begun distributing over $5 billion worth of stablecoins to creditors, a move that is anticipated to inject significant liquidity into the crypto market. This second round of payouts, expected to be completed within one to three business days, represents approximately 2% of the total stablecoin supply and follows an earlier distribution in February. The announcement was made on May 15, with FTX confirming the timing and method of disbursement through BitGo and Kraken.