Toddlers learn by falling: Why DeFi's $20 billion TVL drop is just a market stress-test

CoinDesk Staff

(04:33 PM UTC)

1 min read

DeFi Technologies president Andrew Forson says the stablecoin layer is thriving, with more than $150 billion in U.S. Treasuries backing coins like USDT and USDC.

The decentralized finance (DeFi) sector has been hit by recent criticism and negative commentary following a $20 billion drop in total value locked (TVL) and $1.1 billion lost to hacks like the $292 million Kelp DAO bridge exploit.

DeFi…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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