The stablecoin market has achieved a significant milestone, with its total market capitalization reaching around $190 billion, indicating a 46% increase this year.
This rise follows the market's recovery from the substantial losses incurred after the collapse of TerraUSD in 2022.
Recent data from DeFiLlama reveals that the current value of stablecoins has exceeded the previous peak observed during the Terra era, demonstrating renewed investor confidence and market stability.
The growth in this sector highlights the changing landscape of digital currencies and their growing integration into the wider financial ecosystem.