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Advancing Dollar Will Fuel Demand for Tether, Which is on Track to be 2nd Largest Cry

▪ Bitcoin is currently trading around $9,650 and the rapidly increasing market capitalization of stablecoins supports the bitcoin price.
 ▪ Major stablecoins were launched in 2018 but it was over the past year that their market capitalization grew 2 to 3 times. 

During this one year period, stablecoins added more than $5 billion in total market value.

Earlier in 2020, the demand for stablecoins was pushed higher as traders sought stability while digital currencies were declining considerably following the COVID-19 sell-off. While Bitcoin and Ether suffered huge losses, demand for stablecoins only went higher.