The stablecoin market cap stayed relatively steady at $124b during bitcoin’s sudden upswing, failing to break the sector’s levels from early September, perhaps indicating that new liquidity is still yet to find its way into crypto.
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Stablecoin market caps stay steady amid bitcoin upswing
“Right now, the vast majority of every crypto trade is done with a stablecoin, especially as fiat on-ramps [come] under regulatory pressure.”
