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A recent report from CCData tells us that the stablecoin industry, which acts as a bridge between regular money and cryptocurrencies, has faced a decline in its total value.The report also mentions that Tether, the main company behind stablecoins, has lost some of its share to competitors.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/9033d57075334c0aa62870090f8e91b6.gif" />In August, all stablecoins combined were worth about $125 billion, which is 0.4% less than before. This marks the 17th month in a row where the value has gone down. The report says this is because people are using stablecoins less, especially in the world of decentralized finance (DeFi), where they’re often used for borrowing, lending, and trading. <a href="https://cryptosheadlines.com/why-did-stablecoin-market-cap-drop-in-august/" rel="noopener noreferrer nofollow">Read More...</a>

Why Did Stablecoin Market Cap Drop in August?

CryptosHeadlines.com

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