Cryptocurrency
What’s Driving The Demand Behind Stablecoin’s $10B Crypto Market Cap Milestone?
As reported on NewsBTC, “The growth of stablecoins in 2020 has been unlike anything seen before. Each week, more and more of the fiat-backed crypto assets are printed, nearly as fast and as often as the Federal Reserve is printing new cash. “After the latest boost, the total stablecoin market cap has achieved a milestone of $10 […]
As reported on NewsBTC, “The growth of stablecoins in 2020 has been unlike anything seen before. Each week, more and more of the fiat-backed crypto assets are printed, nearly as fast and as often as the Federal Reserve is printing new cash.
“After the latest boost, the total stablecoin market cap has achieved a milestone of $10 billion. But what’s driving the continued dramatic surge in demand?
“All throughout 2020, stablecoins have achieved major milestone after milestone.
“Following a strong crash in May, the stablecoin known as Tether ‘flippened’ XRP for the third-ranked slot in the total cryptocurrencies by market cap…”