The stablecoin economy continues to shrink, with more than $3 billion in value removed from today’s top stablecoin valuations in less than 40 days. The dollar-pegged tokens USDP and GUSD experienced the largest 30-day reductions, shedding 45.1% and 27.2%, respectively.
Top Stablecoins Tumble: $3 Billion Evaporates in Less Than 40 Days
Statistics reveal a significant contraction in the stablecoin economy, as billions of dollars have been withdrawn from dollar-pegged projects over the past year. About 39 days ago, the stablecoin economy was valued at $129.80 billion, but it has decreased to $126.70 billion today, with more than $3 billion vanishing since June 16, 2023.
The entire top ten stablecoins by market capitalization, except for tether (USDT), have experienced notable 30-day reductions. While USDT’s supply has increased by 0.6%, usd coin (USDC) has recorded a 30-day decrease of 6.4%. As of Tuesday, July 25, USDC’s market capitalization is $26.63 billion, down from $28.25 bil
We współpracy z: https://news.bitcoin.com/stablecoin-economy-sees-3-billion-drop-leading-usd-tokens-shrink-as-euro-anchored-projects-display-resilience/
