Stablecoins such as USDT, USDC, DAI, BUSD, USDP, and TUSD are digital currencies that are linked to fiat currencies on a 1:1 basis. These stablecoins are highly favored by investors as they provide a safe haven during periods of market instability. From the middle of October to the middle of April, the combined market values of these stablecoins experienced a significant 25% increase. This surge in value indicates a rise in trading volumes and demonstrates investors’ willingness to keep their funds in the cryptocurrency market instead of converting them to cash. The growth observed during this period reflects a positive sentiment and a strong sense of confidence in the market. For the latest technology news, visit NEWSLINKER.
