20 / 22 Relevant items tagged with #Stablecoins

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Stablecoins Market Cap Continues To Slump – Here’s Why

[Feb 23, 2023 8:37 AM] Stablecoins are cryptocurrencies built to withstand the market’s volatility as it is backed by a specific asset. In the case of most stablecoins, the US dollar backs the cryptocurrency, pegging the coin’s value to one USD. Investors use stablecoins…

Bitcoin Breaks Above $24,000 As Stablecoin Inflows Explode

[Feb 16, 2023 8:25 AM] Bitcoin has broken above $24,000 in the last 24 hours as on-chain data shows a sharp spike in the stablecoin exchange inflows. Stablecoin Exchange Inflows Have Been Elevated Recently As pointed out by an analyst in a CryptoQuant post, there is…