Stablecoins Signal Crypto Ecosystem Buoyancy as Market Cap Jumps to $164B
Expansion of the stablecoin market is bullish for the broader crypto ecosystem.BTC and ETH slid amid broad-based risk aversion on Wall Street.Stablecoins, which serve as a funding source for many crypto trading strategies, are experiencing growth after months of stagnation in a sign of renewed capital influx into the crypto market.The aggregate market capitalization of the stablecoin sector, which includes hundreds of coins, jumped to over $164 billion for the first time since the collapse of Te...
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