The market capitalization of stablecoins has reached a new all-time high.
There are, however, different types of stablecoin, and in this specific case, only those pegged and fully collateralized in fiat currencies are examined, thus excluding those pegged to other assets (such as gold or other cryptocurrencies), and those that are algorithmic.
The record of stablecoin in market capitalization
According to the data from DefiLlama, the overall market capitalization of stablecoins has exceeded 169 billion dollars.
However, this data takes into consideration all stablecoins pegged to fiat currencies, including algorithmic ones.
Examining even the algorithmic ones, like UST which failed in 2022, the all-time high would be at the end of April/beginning of May 2022, when just before the implosion of the Terra/Luna crypto ecosystem, due precisely to the loss of the UST peg, 187 billion dollars were reached.
At the time, UST was effectively the third largest stablecoin by
We współpracy z: https://en.cryptonomist.ch/2024/08/26/stablecoin-historical-record-for-market-capitalization/
