Stablecoins market cap surpasses $164 billion marking new growth phase

The market cap for major stablecoins is rising again after several months of consolidation. Data from Defillama shows that the market cap for stablecoins crossed $164 billion on Thursday, the first time since Terra UST collapsed in May 2022. Also Read: Stablecoins supply returns to 2022 bull market levels Most of this growth is tied

Source: Cryptopolitan