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.