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3 Reasons Stablecoins Are on the Rise

TheMotleyFool

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It might sound strange at first, but stablecoins are soaring these days.

I don't mean that the price of Tether (CRYPTO: USDT) or USD Coin (CRYPTO: USDC) is skyrocketing, of course. They are going nowhere from that perspective, essentially pinned to the $1.000 price point as expected. But the entire category of stablecoins is gaining momentum, with lots of new names on the market and a rising tide of trading volumes.

So let's look at the surging stablecoin category. The calmest corner of the cryptocurrency market can be surprisingly exciting.

Source Fool.com

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