Currencies29287
Market Cap$ 2.38T+0.51%
24h Spot Volume$ 36.49B-3.60%
DominanceBTC50.95%+0.25%ETH17.06%-0.42%
ETH Gas3 Gwei
Cryptorank
MainNewsCrypto Marke...

Crypto Market Turbulence Fuels Stablecoin Adoption


May, 23, 2024
< 1 min read
by CoinEdition
Crypto Market Turbulence Fuels Stablecoin Adoption
  • Stablecoin wallets surge as Bitcoin experiences volatility.
  • USDC and USDT maintain relative price stability despite market fluctuations.
  • High market caps of USDC and USDT indicate their widespread use.

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.

Read the article at CoinEdition

Read More

Bitcoin ETFs vs. Ethereum ETFs: Why the Excitement Isn’t the Same

Bitcoin ETFs vs. Ethereum ETFs: Why the Excitement Isn’t the Same

While Bitcoin ETFs have seen significant inflows, the potential impact of Ethereum ET...
Jun, 24, 2024
< 1 min read
by CoinEdition
Spot Bitcoin ETFs See 7 Consecutive Days Of Outflows, Here’s What Happened Last Time

Spot Bitcoin ETFs See 7 Consecutive Days Of Outflows, Here’s What Happened Last Time

Spot Bitcoin ETFs have entered another disturbing trend, recording outflows for one w...
Jun, 26, 2024
2 min read
by NewsBTC
MainNewsCrypto Marke...

Crypto Market Turbulence Fuels Stablecoin Adoption


May, 23, 2024
< 1 min read
by CoinEdition
Crypto Market Turbulence Fuels Stablecoin Adoption
  • Stablecoin wallets surge as Bitcoin experiences volatility.
  • USDC and USDT maintain relative price stability despite market fluctuations.
  • High market caps of USDC and USDT indicate their widespread use.

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.

Read the article at CoinEdition

Read More

Bitcoin ETFs vs. Ethereum ETFs: Why the Excitement Isn’t the Same

Bitcoin ETFs vs. Ethereum ETFs: Why the Excitement Isn’t the Same

While Bitcoin ETFs have seen significant inflows, the potential impact of Ethereum ET...
Jun, 24, 2024
< 1 min read
by CoinEdition
Spot Bitcoin ETFs See 7 Consecutive Days Of Outflows, Here’s What Happened Last Time

Spot Bitcoin ETFs See 7 Consecutive Days Of Outflows, Here’s What Happened Last Time

Spot Bitcoin ETFs have entered another disturbing trend, recording outflows for one w...
Jun, 26, 2024
2 min read
by NewsBTC