This week, the value of the fiat-pegged cryptocurrency economy has climbed to $160 billion, a peak last observed in May 2022, shortly before Terra’s UST detached from its intended $1 parity on May 9, 2022. In the past month, various stablecoins have experienced an increase in supply, with Ethena’s USDE at the forefront, registering a […]source https://news.bitcoin.com/stablecoin-market-hits-160-billion-reaching-heights-not-seen-since-terras-crash/
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