Stablecoin Market Sheds $892M as KelpDAO Breach Triggers DeFi Unwind
By Jamie Redman | 2026-04-26 20:45:01 | 5 months ago
The stablecoin market has kept a muted tone in the wake of the recent KelpDAO breach, with $892 million flowing out of the sector.
Even after the drawdown, the market holds at $320.65 billion, with Tether’s USDT comprising 59.19% of the total.
Key Takeaways: KelpDAO breach triggered $892M outflows, pushing DeFi TVL down in April
Even after the drawdown, the market holds at $320.65 billion, with Tether’s USDT comprising 59.19% of the total.
Key Takeaways: KelpDAO breach triggered $892M outflows, pushing DeFi TVL down in April
keywords : Crypto News|Circle|market sentiment|Stablecoin|Tether|Tether (USDT)
sentiment : NEGATIVE
category data : MARKET | USDT | CRYPTOCURRENCY