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With the global cryptocurrency market struggling with the bears seemingly in control, stablecoins are also facing a tough time.
Despite the downtrends that have enveloped the global stablecoin market, two popular assets from this cohort – Tether and DAI – have charted mild increases. This year alone, the stablecoin market cap has seen substantial increases. For example, the crash of financial banks like Silicon Valley and Silvergate was accompanied by a rise in the stablecoin business as investors flocked to these assets as a haven from the collapse of traditional institutions.The Future of EOS: The World’s Largest ICO With ENF CEO Yves La Rose
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