Capitalization of stabelcoins fell to $124 billion

Stablecoin’s total capitalization fell from $138 billion to $124 billion in the past six months. Investors were gradually reducing their presence in digital currencies pegged to the U.S. dollar until early summer, The Block reported.
However, significant changes took place in the stabelcoin market over six months. Analysts found that the lion’s share of the capital that left Binance USD (BUSD) and USD Coin (USDC) accumulated Tether (USDT).
USDT tops the list of dollar-backed digital currencies. Its capitalization in May reached a one-year high, exceeding $83 billion.

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