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Stablecoin Market Hits $160 Billion, Reaching Heights Not Seen Since Terra’s Crash

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Stablecoin Market Hits 0 Billion, Reaching Heights Not Seen Since Terra’s Crash
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Source: Bitcoin.com

Stablecoin Market Hits $160 Billion, Reaching Heights Not Seen Since Terra’s CrashThis week, the value of the fiat-pegged cryptocurrency economy has climbed to $160 billion, a peak last observed in May 2022, shortly before Terra’s UST detached from its intended $1 parity on May 9, 2022. In the past month, various stablecoins have experienced an increase in supply, with Ethena’s USDE at the forefront, registering a […]

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Author: Jamie Redman

Related posts:

  1. Stablecoin Market Jumps by Over $2.5 Billion in 10 Days, Led by Rise in Key Players
  2. Stablecoin Sector Sees $3.26 Billion Growth Spurt; Tether Nears $100B Milestone, USDE Supply Swells by 374%
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