Stablecoin Storm — Gemini’s GUSD Shrinks 93% Amidst Market Turbulence
The Slowdown of the Stablecoin Market Over the past few years, the stablecoin market has experienced a significant slowdown, especially since mid-2022 when Terra's stablecoin collapsed. In addition, the New York Department of Financial Services (NYDFS) instructed Paxos to stop issuing BUSD last year. As a result of these setbacks, the supplies of three other […]
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