Cryptocurrencies
Total Stablecoin Value Tops Terra-Era Peak to Near $200 Billion
- The overall market cap for stablecoins has risen 46% this year
- The tokens are cementing a more durable role in global trade
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The value of the stablecoin market has risen to new heights after regaining ground lost in the aftermath of TerraUSD’s infamous collapse in 2022.
The total market capitalization for stablecoins has swollen 46% this year to a record of about $190 billion on Sunday, according to DeFiLlama data.