Top Stablecoins to Watch in 2022

Stablecoins are virtual currencies that help minimize crypto market volatility. These crypto-assets are often pegged to the value of fiat money, exchange-traded commodities like gold and silver, or cryptocurrency. These tokens operate on blockchain technology and offer investors more safety than other crypto assets. Over the years, stablecoins have increasingly brewed up a storm in the crypto space. For instance, most of them chose the US Dollar as the primary asset to peg their value and reach global acceptance. Nevertheless, not all stablecoins…

March Sees BTC/USDT Trading Volume Triple While USDC and PAX Recorded an Upsurge

Bitcoin's massive market crash in March rocked the whole crypto market. It introduced a long period of volatility. Consequently, several altcoins plummeted too. Things were different, though for stablecoins that experienced impressive gains over Bitcoin (BTC). Hedging Against BTC Many crypto traders entered the stablecoin market to hedge against Bitcoin's increasing volatility. Tether, the popular and highly controversial stablecoin dominated transactions. According to BitMEX, the BTC/USDT trading almost tripled in March (21.6 million BTC). It had previously reached a value…