Stablecoin market cap drops $7B in a week and a half, but payments are still booming "Pegged stablecoin market value measured approximately 300.13 billion on October 29th. It…
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Stablecoin market cap drops $7B in a week and a half, but payments are still booming "Pegged stablecoin market value measured approximately 300.13 billion on October 29th. It went down to 292.96 toda…
Stablecoin market cap drops $7B in a week and a half, but payments are still booming "Pegged stablecoin market value measured approximately 300.13 billion on October 29th. It went down to 292.96 today." "We have seen capital flight of roughly 7 billion from the entire market cap, which means that those were redeemed and taken out of circulation." "Just as the same dollar bill can circulate thousands and thousands of times, the same stablecoin can do that, and they are." "We've seen a massive explosion. I don't have the exact numbers month to month or quarter to quarter in actual usage and transactions using stablecoins." "I would imagine a lot of that has to do with all of these hacks and exploits and all the news and that that will soon reverse." "Important to note when you read those headlines that that does not mean bad news necessarily for stablecoin payments and transactions. Those are still massively growing."
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