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?