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Total stable coin value just hit $150 billion up from $20 billion a year ago ( Tether + USDC + BUSD + TUSD + DAI). stable coins are going to be a huge game-changer and will trigger a new gold rush in modern 'banking ' #stablecoin #newgoldrush #ecoin
Time for a 🧵
Time for a 🧵
Unlike cryptos like Bitcoin or Ethereum which are highly volatile, Stable coins like USDT, USDC are pegged to the value of the U.S dollar, which offers friction-free dollar payments.
Up until now, Stable coins are primarily used by arbitrage traders to extract arbitrage opportunities across various crypto exchanges.
In the recent past however stable coins are being increasingly used for remittances across different countries like Lebanon, Nigeria etc.
In the recent past however stable coins are being increasingly used for remittances across different countries like Lebanon, Nigeria etc.
