Stablecoin Market Cap Plummets $15 Billion Since May
The total market capitalization of stablecoins has shrunk by nearly $15 billion since May, according to an analyst.
This decline in stablecoin market cap is a result of decreasing market liquidity, which is also hindering the price recovery of Bitcoin.
The analyst notes that the stablecoin market has been experiencing a significant downturn, with its total market cap shrinking by nearly $15 billion since May.