USDC Declining on Solana?

    It looks like over the last few weeks the market cap of USDC on Solana has been declining. Source: https://defillama.com/stablecoins/Solana - What appears to be the cause of this? Where is USDC being removed from the ecosystem and where is it being sent to? - Does this trend seem to be driven by a few big whales, or does it seem more broad-based throughout the ecosystem? - Are other stablecoins also dropping in market cap on Solana?