📉 While bears are taking over the crypto markets, stablecoins are also having a hard time! 😅 According to Binance research department, stablecoin market value has decreased continuously in the last 18 months. 📉
🔹 Last month, the stablecoin market cap fell to $123.8 billion, the lowest level since September 2021. 😱
🔹 However, popular stablecoins such as Tether (USDT) and DAI recorded slight increases. 📈
🔹 While USDT maintained its leadership with a market share of 67.2%, its market value increased by $334.7 million, showing a monthly increase of 0.4%. 🚀
🔹 DAI, on the other hand, experienced a monthly increase of 5.4% with an increase of $ 283.4 million in market value. 👏
Despite the downward trend, the stablecoin market continues to play an important role for the crypto world and the global financial system. 🌐 What do you think the future of stablecoins will be? 🤔 We are waiting for your comments! 💬
🔹 Last month, the stablecoin market cap fell to $123.8 billion, the lowest level since September 2021. 😱
🔹 However, popular stablecoins such as Tether (USDT) and DAI recorded slight increases. 📈
🔹 While USDT maintained its leadership with a market share of 67.2%, its market value increased by $334.7 million, showing a monthly increase of 0.4%. 🚀
🔹 DAI, on the other hand, experienced a monthly increase of 5.4% with an increase of $ 283.4 million in market value. 👏
Despite the downward trend, the stablecoin market continues to play an important role for the crypto world and the global financial system. 🌐 What do you think the future of stablecoins will be? 🤔 We are waiting for your comments! 💬