DeFi Craze Drives Stablecoin Market Cap to $20 Billion

This year’s decentralized finance (DeFi) frenzy has driven such a demand for stablecoins that their combined market capitalization now exceeds $20 billion. This is more than any other cryptocurrency aside from Bitcoin and Ethereum. The 2020 DeFi boom has resulted in huge amounts of cryptocurrency collateral flooding into protocols and yield farming liquidity pools. A … Read more