The curious case of stablecoins amid slumping crypto market

Stablecoin sharks and whales have not converted to other assets despite downtrend. The crypto market cap remained above $1 trillion. Amidst the recent slump in the crypto market, a curious phenomenon has emerged: addresses bulging with substantial reserves of stablecoins such as Tether [USDT] and USDCoin [USDC] have remained quiet. But what does this unusual …

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