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.
Why Bitcoin keeps snapping back to $70k — and the $13B options “magnet” behind it
Bitcoin’s rebound on March 4 appeared odd in case you solely watched it by means of the same old “danger...
