How Stablecoins Affect Bitcoins Price
Stablecoins have become a pivotal component of the cryptocurrency landscape, offering a stable alternative to volatile digital assets. These coins, typically pegged to fiat currencies like the US dollar, are crucial for providing liquidity, facilitating trades, and offering a safe haven during market volatility. Among the many stablecoins in circulation, Tether (USDT) and USD Coin (USDC) dominate, and their influence on Bitcoin’s price cannot be overstated. The relationship between stablecoins and Bitcoin is complex, with…