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Data: The total market capitalization of stablecoins continues to decline, marking the largest monthly drop since the Luna crash.
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According to ChainCatcher, citing DefiLlama data, the total market capitalization of stablecoins continues to decline, dropping by 0.33% over the past week, with the current market cap reported at $302.837 billions. This figure has fallen by more than $6 billions from its previous peak of $309 billions, marking the largest single-month drop since the Luna crash in May 2022.
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