Why the $172B Stablecoin Market Could Send Crypto Prices Higher 💵
The stablecoin market, with a valuation of $172 billion, is being compared to Berkshire Hathaway’s large cash reserves. This comparison highlights the potential of these stablecoins to influence and drive cryptocurrency prices higher once they are deployed into the market.
CoinMarketCap’s Alice Liu emphasizes the readiness and availability of these stablecoins, suggesting they could play a significant role in shaping the future pricing trends within the crypto industry.
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