The market for stablecoins recently achieved a substantial milestone, with a market capitalization exceeding $220 billion. These stablecoins, which are meant to hold a consistently stable value by being pegged to traditional assets like the US dollar, have been a real cornerstone of the crypto ecosystem. While the stablecoin’s main use case definitely remains providing a safe harbor from all the market volatility we have been seeing, the vast amounts of liquidity they represent could potentially bring about the next bull market. The Rising Dominance of USDT Across Blockchains Tether’s USDT cannot be matched in the stablecoin market; it has
The post Stablecoin Market Surpasses $220 Billion, USDT Dominates Across Multiple Blockchains appeared first on The Merkle News.
