Stablecoins Bolster the Recovery of the Cryptocurrency Market

Stablecoins such as USDT, USDC, DAI, BUSD, USDP, and TUSD hold a steady value equivalent to fiat currencies, making them a popular choice for investors seeking a safe haven amidst market turbulence. From October to April, the combined market worth of these stablecoins rose by 25%, indicating a surge in trading activity and a preference among investors to retain their assets in the cryptocurrency market instead of converting them to cash. This period of growth reflected a positive outlook and a sense of trust in the market. Stay up to date with the latest tech news by visiting NEWSLINKER.