As Stablecoins Adjust to Regulatory Scrutiny, Crypto Traders Are Embracing Stability Wherever They Find It

Blockchain, Investing, News, Opinion, Regulation | May 18, 2022 By:

As crypto market volatility and unprecedented global economic uncertainty persists, the use of stablecoins to de-risk crypto trading has soared. The market cap of three of the most popular U.S. dollar-backed cryptocurrencies, Tether (USDT), Circle USD (USDC) and Binance’s USD (BUSD), tripled from $50 billion to $150 billion in the last year alone.