Odaily Planet Daily News đ Analysts at research and brokerage firm Bernstein pointed out that blockchain-based stablecoins pegged to fiat currencies such as the US dollar are becoming "systemically important." The issuers of these stablecoins are now one of the largest holders of U.S. Treasuries, along with sovereign states. đŒ
Since its peak in April 2022, the circulating supply of stablecoins has now returned to its all-time high of about $180 billion. This phenomenon shows that the market demand for stablecoins remains strong, despite the volatility of the overall cryptocurrency market. đ
Although the overall market is full of uncertainty, Bitcoin continues to perform well and continues to attract investors' attention. đ
