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

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

This 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 […]