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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
MR
Approved byMichael Roberts

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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CoinDesk Staff · CoinDesk

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