Since the beginning of the year, the cryptocurrency market capitalization has soared 41.77%, and the current market value reaches 1.17 trillion US dollars.
Amid this growth, however, the stablecoin economy suffered a massive loss of $7.3 billion in 140 days.
Archived records show that on Jan. 6, the stablecoin economy was valued at $138.12 billion, but as of today, that has shrunk to $130.79 billion. It is worth noting that many stablecoin projects have experienced significant Redeemed, USDC alone lost over $14 billion.
Likewise, BUSD suffered over $11 billion in redemptions since the first week of January, while DAI faced $361 million in redemptions.