Stablecoins see biggest drop since 2022 crypto winter led by Tether (USDT), Circle’s USDC decline
The combined market capitalization of major stablecoins fell from roughly $166 billion in March 2022 to $122 billion by September 2023, RWA.xyz data shows — a decline of over 26% as investors pulled money from the digital asset market. Tether’s USDT fell from $78 billion to $65 billion between March and November 2022. For USDC,…