Stablecoins Hitting $9 Billion Shows Investors in Crypto Market Are Rattled

Over the past few weeks, stablecoins, crypto-assets tied to and backed by a “stable” reserve asset, have become increasingly important to the cryptocurrency market. First, just assets used by the fringe, this subset of altcoins now accounts for a growing percentage of the crypto market’s value. In fact, according to April 20th data from blockchain analytics firm Coin Metrics, the value of all stablecoins in circulation just passed over $9 billion for the first time […]

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Author: toutiao