The past eighteen months have been dire for most stablecoins. 

Following last year’s collapse of Terraform and its native stablecoin UST, the entire market capitalization for these digital assets has registered a dizzying 35% drop. According to crypto data provider DeFiLlama, the market peaked at $189 billion in May last year, only to settle on $124 billion as of writing, 18 months later.

Vaidya Pallasena, co-founder of Bluechip—a nonprofit organization dedicated to evaluating stablecoin safety—there are myriad reasons for the sea of red.

Retail participation is a fraction of what it was at its peak in mid-2021, he noted to Decrypt, with daily trade volumes averaging $50 billion–whereas in 2021, these sat at $150-300 billion.

Pallasena also said that since mid-2022, US treasu

Go to Source to See Full Article
Author: Pedro Solimano

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details