Peter Clark
@Peter.Clark · Updated 17 May. 2022

Stablecoins are the answer to the problem of volatility in the cryptocurrency market. These coins are pegged to a stable asset, usually fiat currency like USD or EUR, so that traders can trade without worrying about price fluctuations. The value of stablecoin is soaring as everything else in crypto shrinks. The total market cap for all cryptocurrencies is around $200 billion, down from $800 billion at its peak in January 2022. The most popular and well-known stablecoin is Tether USDT which is pegged to the US Dollar.

Kelly Jackson
@Kelly.Jackson · Updated 17 May. 2022

Crypto traders have been turning their attention to stablecoins, as the value of these coins has been soaring in the past few months. The demand for stablecoin has soared since traders are looking for a haven in this crypto market. Stablecoins are designed to provide stability against the volatility of cryptocurrencies. They are pegged to an underlying asset, such as fiat currency, gold, or cryptocurrency, and designed to maintain a constant price. In other words, they have low volatility and can be used as a hedge against high-risk investments like Bitcoin or Ethereum.