Stablecoin dominance slides as market cap falls to end to 2-year lows: CCData

Stablecoin dominance slides as market cap falls to shut to 2-year lows: CCData

The market capitalization of stablecoins has hit the bottom level since August 2021 coming on the attend of 16 consecutive months of decline, a weird file says.

Cryptocurrency analytics platform CCData released a file on July 20 asserting the stablecoin market cap fell 0.82% from the starting up of the month till July 17, taking the field’s market cap to $127 billion.

<em>Most stablecoins market caps bear remained moderately precise since May well perchance well, other than for USDP which has fallen 43.1%. Source: CCData.</em>

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