Amidst the recent turbulence in the cryptocurrency market, the increasing number of non-empty stablecoin wallets provides a glimmer of hope for investors. As highlighted by Santiment, a top analytic firm, both USDC (USDC) and Tether (USDT) have witnessed notable growth in their non-empty wallet counts, with USDC wallets expanding by 13.9% and Tether wallets by 15.7% in 2024. This uptick suggests a growing interest in stablecoins, which are designed to maintain a stable value relative to traditional fiat currencies.
The surge in stablecoin wallets comes at a pivotal moment as market sentiment oscillates following Bitc…
The post Crypto Market Turbulence Fuels Stablecoin Adoption appeared first on Coin Edition.
Amidst the recent turbulence in the cryptocurrency market, the increasing number of non-empty stablecoin wallets provides a glimmer of hope for investors. As highlighted by Santiment, a top analytic firm, both USDC (USDC) and Tether (USDT) have witnessed notable growth in their non-empty wallet counts, with USDC wallets expanding by 13.9% and Tether wallets by 15.7% in 2024. This uptick suggests a growing interest in stablecoins, which are designed to maintain a stable value relative to traditional fiat currencies.
The surge in stablecoin wallets comes at a pivotal moment as market sentiment oscillates following Bitc…
The post Crypto Market Turbulence Fuels Stablecoin Adoption appeared first on Coin Edition.