The stablecoins market remains concentrated, with Tether and USDC accounting for about 63 per cent of total assets at the end of May, according to Fitch Ratings. AFP
The stablecoins market remains concentrated, with Tether and USDC accounting for about 63 per cent of total assets at the end of May, according to Fitch Ratings. AFP

Business

Money

Market value of stablecoins drops 14% to $162bn in May after Terra collapse

Algorithmic stablecoin UST’s capitalisation fell to $300m, from $16bn at the end of the first quarter, Fitch Ratings says

Deepthi Nair
Deepthi Nair

June 09, 2022

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