The mixed market cap of the biggest stablecoins reached a peak of $186 billion in Might, earlier than the Terra/LUNA collapse, the be aware stated. That compares with lower than $30 billion firstly of 2021 and about $5 billion a yr earlier than that. Since Might, the stablecoin universe has dropped by $41 billion, with just below half of the decline attributed to the demise of Terra.
