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…

Stablecoins Surge in Market Share Amid Crypto Market Crumble

Crypto stablecoins present an efficient and easy way of managing crypto volatility. Volatility in the crypto market is often regarded as the boon and bane of crypto trading. While on the one hand, it allows traders to accumulate substantial profits, it can cause significant losses to crypto traders or even lead to missing a perfect opportunity to trade. Stablecoins function to cushion investors from intense volatility witnessed in the crypto market by providing a less volatile means to employ in…

Tether Payments Now Available on PornHub

On the 22nd January 2020, Pornhub announced the addition of two new payment options. USDT is one of the options added, a cryptocurrency stablecoin, and is the sixth-largest market cap. Paypal halted supporting Pornhub two months ago due to issues concerning regulatory compliance. In return, cutting off the Paypal payroll of the models and actors on its website. Some time ago, nations banned banking services in facilitating porn websites to stop human and drug trafficking. Nevertheless, the industry continues to…

The Beginner’s Guide to Tether – All You Need To Know

Few other cryptocurrencies have attracted the same level of controversy as Tether did in the past two years. The stablecoin that facilitates fiat money transfers without currency regulation has come under accusations of misconduct. However, crypto industry experts still rate it highly (3rd most valuable cryptocurrency) and consider the allegations nothing more than bad rumors to create FUD (fear, uncertainty, doubt) movement. Tether works on the Omni platform and top of Bitcoin and Ethereum blockchains, reducing transaction times and fees to…

Stablecoins Explained – The Distinct Cryptocurrency Instrument

Data reveals that the overall market cap of stablecoins stands at over $35 B as of January 21, 2021. On top of that, the trading volumes are gradually rising as the crypto instrument closes in the $90 billion marks.  Investing in the digital asset world has become a difficult task for goal-oriented minds. However, the onset of stablecoins has proven to be a useful tool for trading in the market today. Stablecoins can be described as cryptocurrencies tied to other valuable…

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