Breaking News- #Stablecoins Suffer 18-Month Decline, #Regul

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Breaking News- #Stablecoins Suffer 18-Month Decline, #Regulatory Uncertainty at the Helm In September, CCData, a crypto research firm, reported a 28.4% decrease in stablecoin trading volume on #centralized exchanges, amounting to $331 billion. This marked the lowest monthly total since July 2020. The Decline’s Underlying Factors The collapse of TerraUSD is a key contributor to the 35% decline in the overall market cap of stablecoins. After reaching a peak of $189 billion in May 2022, the market cap currently rests at approximately $124 billion.

Breaking News-
#Stablecoins   Suffer 18-Month Decline, #Regulatory   Uncertainty at the Helm
In September, CCData, a crypto research firm, reported a 28.4% decrease in stablecoin trading volume on #centralized   exchanges, amounting to $331 billion. This marked the lowest monthly total since July 2020.
The Decline’s Underlying Factors
The collapse of TerraUSD is a key contributor to the 35% decline in the overall market cap of stablecoins. After reaching a peak of $189 billion in May 2022, the market cap currently rests at approximately $124 billion.