Stablecoin Market Cap Falls $16 Billion to Six-Month Low
The total market capitalization of stablecoins has experienced a significant decline in recent weeks.
In just 10 weeks, the total value of stablecoins has shrunk by $16 billion, hitting a six-month low.
This downturn is not limited to any single stablecoin; both USDT and USDC have been affected by this decline.