#Stablecoins
After eight consecutive months of rise, the capitalization of stablecoins reached a 24-month high of $161 billion in May.

MARKET NEWS
According to a new report from CCData, the stablecoin market capitalization reached its highest level since April 2022, following eight consecutive months of growth.
The cryptocurrency analysis platform reported on May 29 that the stablecoin market capitalization increased by 0.63% since the beginning of the month, reaching $161 billion. However, stablecoin market dominance decreased slightly to 6.07%, down from 7% in March.