September 27, 2022

Stablecoin dominance reaches all-time high


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Cryptocurrency market analysts shared a message that stablecoin dominance in the total volume of the total cash flow of digital assets has reached a historical maximum. Experts predictably called this increase a manifestation of the bearish nature of the market activity trend.

Analysts noted that before the withdrawal into fiat money, the closing of trading positions leads, first of all, to the exchange of investments for stablecoins. The share of USD-pegged tokens in the market capitalization of digital assets has continued to increase for six weeks since the beginning of May 2022.

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