The global stablecoin market has surged past $150 billion, indicating a growing demand for digital assets with relative stability. Competition in the stablecoin space has intensified, with Ripple announcing plans for a USD-backed stablecoin, joining established issuers like Tether and Circle, whose supplies have collectively expanded by nearly $10 billion in the past month.
Despite the current crypto bull market potentially influencing stablecoin growth, experts suggest that the surge in demand is driven by various factors beyond market speculation. Austin Campbell,…
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