The market value of stablecoins has soared by 25% in the past week.
The market value of stablecoins has soared by 25% in the past week.
The market value of stablecoins has soared by 25% in the past week. Someone said: “The growth of stable assets is an important indicator reflecting the capital inflow of the industry and can be used as an indicator to measure the sentiment of external investors.” Do you agree with this statement?
Joan Husk Answered question May 30, 2024
Abnormal growth of stablecoins is not a good thing
If it rises abnormally, there is a possibility of falling abnormally which is not a good thing at all for the crypto market. There are many stablecoins in the market that have overprinted/created in excess of their assets, Which is detrimental to Bitcoin and can result in excessive price increases and excessive price decreases.
Which is often seen in the stock market.
Joan Husk Answered question May 30, 2024