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.
Robinhood CEO Says US Crypto Is Rising From The Ashes
Trusted Editorial content material, reviewed by main business consultants and seasoned editors. Advert Disclosure The CEO of Robinhood, Vladimir Tenev,...
