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Stablecoin Market Hits $160 Billion, Reaching Heights Not Seen Since Terra’s Crash

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 mo...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Stablecoin Market Hits $160 Billion, Reaching Heights Not Seen Since Terra’s Crash
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 […]

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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