RATE Group | Traders Flock to Tether, USDC, PAX – Stablecoins See Great Demand After Crypto Market Ha…
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Traders Flock to Tether, USDC, PAX – Stablecoins See Great Demand After Crypto Market Ha…

16 Mar Traders Flock to Tether, USDC, PAX – Stablecoins See Great Demand After Crypto Market Ha…

Posted at 08:46h in Bitcoin News by

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Traders Flock to Tether, USDC, PAX - Stablecoins See Great Demand After Crypto Market Havoc

Stablecoins have seen massive volume and growth this month especially after the market carnage on March 12. Per usual, tether has been the king of stablecoins following the market downturn, but the 4.6 billion USDT wasn’t enough for all the liquidity needed to shield the storm. Other tokens pegged to the U.S. dollar like USDC, TUSD, and PAX have reaped the benefits as well and a few of them have joined the top trading pairs with BTC.

Also Read: Bitcoin Cash IFP Debate: ABC Kicks Off Fundraiser, 3 Mining Pools Signal BCHN Support

Stablecoins See Increased Demand and Growth After Crypto Market Wrath

It’s a well known fact that lots of traders like stablecoins and they become useful hedges for people when crypto market prices suddenly dive. Despite a number of people not liking them and the controversies surrounding stablecoins, they have continued to grow very popular during the last few years. Tether (USDT) is the most used stablecoin and the…

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