DefiLlama and Wintermute: the aggregate market cap of stablecoins crossed $164B for the first time since the collapse of Terra in May 2022; USDT is at $114.26B (Omkar Godbole/CoinDesk)

Posted on July 25, 2024
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Omkar Godbole / CoinDesk:
DefiLlama and Wintermute: the aggregate market cap of stablecoins crossed $164B for the first time since the collapse of Terra in May 2022; USDT is at $114.26B — Renewed expansion in stablecoins is bullish for the broader crypto market. — Expansion of the stablecoin market is bullish for the broader crypto ecosystem.

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