Daily market cap of stablecoin up until June 21, 2022
the overall market size of all cryptocurrencies combined, stablecoin take up roughly 15 percent of the global cryptocurrency market.
The global stablecoin supply hit a value milestone of nearly 190 billion USD in April 2022, but declined in subsequent months. This can be attributed to a shockwave within the crypto market in May 2022, when stablecoin TerraUSD (UST) as well as its backing cryptocurrency Terra (LUNA) saw their prices collapse. This volatility for a digital asset that was long thought to not be volatile brought a level of uncertainty in the cryptocurrency market that was not expected in early 2022. When compared to