While cryptocurrencies are massively falling and their capitalization is falling at a tremendous speed, people are paying more and more attention to stablecoins, that is, stable cryptocurrencies whose rate is tied to fiat money or some generally recognized values: gold, oil.
Most users only know Tether – USDT, whose rate is pegged to the US dollar. There are actually more stablecoins. USDT has long been used by traders as a safe shelters.
The four main stablecoins, except for Tether – UDSC, True USD (TUSD), Paxos (PAX) and Gemini dollar (GUSD) – crossed the mark of $ 5 billion in total transactions over a three-month period. At the same time, in November, the volume of transactions increased immediately by 1032% compared with the results of September. In October, transactions amounted to $ 2.3 billion.