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Home News Stablecoin Total Market Cap Continues to Decrease, Marking Largest Monthly Drop Since Luna’s Collapse

Stablecoin Total Market Cap Continues to Decrease, Marking Largest Monthly Drop Since Luna's Collapse

Stablecoin Total Market Cap Continues to Decrease, Marking Largest Monthly Drop Since Luna’s Collapse

BlockBeats News, November 24th, according to DefiLlama data, the total market value of stablecoins continues to decline, decreasing by 0.33% in the past week, with a current market value of $3028.37 billion. This data is a decrease of over $6 billion from the previous peak of $309 billion, marking the largest monthly decline since the Luna crash in May 2022.

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