Stablecoin

2024

Bitcoin

USDC

Coin

<ul class="news-points"> 
 <li><strong>Stablecoin wallets surge as Bitcoin experiences volatility.</strong></li> 
 <li><strong>USDC and USDT maintain relative price stability despite market fluctuations.</strong></li> 
 <li><strong>High market caps of USDC and USDT indicate their widespread use.</strong></li> 
</ul> 
<p>Amidst the recent turbulence in the cryptocurrency market, the increasing number of non-empty stablecoin wallets provides a glimmer of hope for investors. As highlighted by Santiment, a top analytic firm, both <a href="https://coinedition.com/stablecoin-showdown-tether-vs-eu-regulations/?utm_source=telegram_channel&amp;utm_medium=referral">USDC (USDC) and Tether (USDT)</a> have witnessed notable growth in their non-empty wallet counts, with USDC wallets expanding by 13.9% and Tether wallets by 15.7% in 2024. This uptick suggests a growing interest in stablecoins, which are designed to maintain a stable value relative to traditional fiat currencies.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4b8.png" alt="💸" class="wp-smiley" style="height: 1em; max-height: 1em;"> Concerned about another <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#crypto</a> market retrace? You may be comforted by the fact that the amount of non-empty <a href="https://twitter.com/hashtag/stablecoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#stablecoin</a> wallets are rising. In 2024, the amount of <a href="https://twitter.com/hashtag/USDCoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#USDCoin</a> non-empty wallets has grown by +13.9%, and <a href="https://twitter.com/hashtag/Tether?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Tether</a> wallets have grown +15.7%. <a href="https://t.co/9K2y8UgOv9" target="_blank" rel="nofollow">https://t.co/9K2y8UgOv9</a> <a href="https://t.co/mxdkrgn36M" target="_blank" rel="nofollow">pic.twitter.com/mxdkrgn36M</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1793452767039865158?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">May 23, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The surge in stablecoin wallets comes at a pivotal moment as market sentiment oscillates following Bitc…</p>
<p>The post <a href="https://coinedition.com/heir-to-cartier-apprehended-for-laundering-money-using-usdt-2/">Crypto Market Turbulence Fuels Stablecoin Adoption</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Crypto Market Turbulence Fuels Stablecoin Adoption

Coin Edition

Other articles published on May 23, 2024

Top Meme Coins To Watch Today Thursday, May 23 – Landwolf, Gorilla, Hump, Dogeverse

Solana NFTs jump 30% in 24 hours: What’s behind the surge?

BLVD United Signs MOU with MeDoDo Coin: Pioneering a New Era in Fan Engagement and Biotech Innova...

Ethereum co-founder cashes out! Is now the time to sell your ETH?

Jasmy Coin Prediction: Is Jasmy on the Verge of a Breakout?

Post-Halving Slump: Miners Turn to Risky BRC-20 Projects Amid Revenue Drop

Join our free newsletter for daily crypto updates!