1
Major stablecoins saw noticeable redemptions causing the shrink.
2
Overall crypto economy increased by 41.77%.
So far in 2023, the overall crypto economy gained 41.77%, but the stablecoin economy shrunk by $7.3 Billion. The current market cap for cryptocurrencies is around $1.222 Trillion, which was around $817 Billion on January 6, 2023. In comparison, the stablecoin market cap dropped from $138.12 Billion to $130.79 Billion in the same time frame.
Stablecoin Redemption Surge: USDC and BUSD Lead $7.3 Billion Shrink in Economy -> https://t.co/1rPXRR3Wy5 #cryptonews #lolacoin #crypto #bitcoin pic.twitter.com/oTbQmZPk9G
— Lola Coin (@LolaCoinOrg) May 21, 2023
Stablecoin Economy Shrinking
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We współpracy z: https://www.thecoinrepublic.com/2023/05/22/stablecoin-economy-not-so-stable-in-2023-shrinks-by-7-3b-ytd/
