Stablecoins' rising market cap can be preventive measure against future instability

2020-4-21 15:30

The performance of the cryptocurrency market in 2020 has been very erratic, with the global crypto market cap moving by 4% since the beginning of the year from $191. 87 billion to $199. 74 billion.

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market billion cap crypto global beginning moving

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USDC market cap below $30 billion, struggles signify crypto turmoil

Key Takeaways USDC’s market cap has dipped from $54 billion to $30 billion in the last eight months The stablecoin has lost market share since March, falling from 32% to 23% Regulatory concerns and the fallout from the SVB collapse have plagued the stablecoin, whose struggles signify the capital flight out of the crypto industry […] The post USDC market cap below $30 billion, struggles signify crypto turmoil appeared first on CoinJournal.

2023-5-10 17:54