The combined market cap of the largest stablecoins reached a peak of $186 billion in May, before the Terra/LUNA collapse, the note said. That compares with less than $30 billion at the start of 2021 and about $5 billion a year before that. Since May, the stablecoin universe has dropped by $41 billion, with just under half of the decline attributed to the demise of Terra.
Klarna Partners With Coinbase to Integrate USDC Stablecoin Funding
Digital funds supplier Klarna expands monetary technique by partnering with Coinbase to make the most of USDC stablecoins for institutional...
