The cryptocurrency sector is characteristically volatile, exhibiting dramatic price swings even within individual days. When the market is down trending, and especially when there is a heightened sense of uncertainty about just how low prices may go, traders tend to move into stablecoins, those kinds of crypto assets that are designed, or at least purported, to maintain a stable price. In recent days, Tether, the most widely used stablecoin, has seen a big bump in its on-chain activity—meaning the number of actual transfers made using Tether has increased significantly. This uptick has not yet been reflected in the price of
The post Tether’s Surge in On-Chain Activity: A Sign of Market Confidence and Potential Recovery appeared first on The Merkle News.
