Stablecoin Market Nears 15% of the Entire Crypto Economy’s Market Valuation

Stablecoin Market Nears 15% of the Entire Crypto Economy’s Market Valuation


Roughly two months ago on April 11, the stablecoin economy was valued at $190 billion and was getting closer to surpassing $200 billion in value. However, after the Terra stablecoin fallout, the fiat-pegged token economy lost $16.31 billion in value since then. While that value was erased from the stablecoin market, stablecoins themselves represented 9.35% of the entire crypto economy’s net U.S. dollar value at the time. 61 days later, the crypto economy is worth roughly $1.15 trillion and the stablecoin economy represents 13.8% of that total today.

In 61 Days, Stablecoin Dominance Swelled From 9% to 13.8%

For the first time in history, three stablecoins were top ten digital currencies in terms of market valuation 36 days ago on May 6, 2022. At the

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