The Total Market Capitalization of Stablecoins Fell for 17 Consecutive Months to a Range of $124 Billion, the Lowest Since August 2021

08/18 03:31

CCData, a cryptocurrency analysis platform, released a "Stablecoin and CBDC Report" showing that the total market value of stablecoins continued to decline in August, with a drop of 1.28% to the range of $124 billion, setting a new low record for stablecoin market value since August 2021, and stablecoin market value has been declining for 17 consecutive months.

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