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via CoinDesk · By CoinDesk Staff
Toddlers learn by falling: Why DeFi's $20 billion TVL drop is just a market stress-test
CS
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…
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