As Crypto Markets lose Billions in Market Cap , Stablecoin Trading volumes surge over 200%

in #cryptocurrency • 6 years ago

The market capitalization of most cryptocurrencies continues to decline sharply, however, several popular stablecoins experienced a considerable 200% increase in total trading volume during the past 24 hours - according to data from CoinMarketCap.

Specifically, recently launched stablecoins including Circle's (USDC), True USD (TUSD), and DAI have all seen more than a 200% increase in 24-hour trading volume. This, despite a huge sell-off in the larger cryptoasset market.

6 years ago in #cryptocurrency by
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