Stablecoin Economy Growth Stagnates for 73 Days, USDC Market Cap Slides 5% Lower

Stablecoin Economy Growth Stagnates for 73 Days, USDC Market Cap Slides 5% Lower


Since the Terra stablecoin fiasco in May, the top stablecoins by market capitalization dropped 10.66% from ​​$171.37 billion to today’s $153.09 billion. During the last two months, the top stablecoins by market capitalization have seen little growth remaining at $153 billion since mid-July.

For More Than 2 Months Stablecoin Market Caps Stagnate Seeing Little Growth

Following the significant climb since mid-2020, the stablecoin economy has seen growth slow during the last few months. In mid-April 2022, the stablecoin economy neared the $200 billion range for the first time in history, but following Terra’s stablecoin fiasco, more than $35 billion disappeared from the stablecoin economy by May 13, 2022. On May 12, 2022, the stablecoin economy was 10.66% larger than it is today at $171.37

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