A bullish signal, For $BTC And Market 🟢
The total market value of stablecoins has increased🧐
The total market capitalization of stablecoins is increasing, and it has reached above $164 billion for the first time since the collapse of $LUNC Terra in May 2022. 🧐
The increase in the market value of stablecoins can cause the overall market growth.
The stablecoin $USDT Tether, which is pegged to the US dollar, alone has a market capitalization of $114.26 billion. The value of stablecoins remains constant and equal to the price of the currency to which they are pegged, which is why they can help investors protect themselves from price fluctuations. Stablecoins are mostly used to buy digital currencies, trade derivatives, and earn profits through lending in decentralized finance #DeFi systems.
They are also used for physical payments and cross-border remittances.🌱
