BUSINESSCOINDESK
Traders once again prefer dollars over bitcoin. USDT, USDC dominance rises.
Traders are showing increased preference for US dollars over Bitcoin, with stablecoins USDT and USDC gaining dominance in the market. This shift highlights a trend toward traditional fiat currencies and stable digital assets amid cryptocurrency volatility.
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Adjacent reporting
- Pornhub Ditches Tether’s USDT for Circle’s USDC
- Stablecoins overtake Bitcoin in Latin America crypto purchases — Bitso
- The Sunset of Bitcoin? Stablecoins Rise to Dominance in LATAM and Africa
- Stablecoins retain the edge over tokenized money market funds, JPMorgan says
- Altcoins climb as bitcoin and ether retreat from weekly highs
- The stablecoin market has got too stable