Kaiko Research: Latin American cryptocurrency traders prefer stablecoins over Bitcoin
ChainCatcher news, cryptocurrency market research and analysis company Kaiko found that Latin American cryptocurrency users prefer stablecoins over Bitcoin. In its latest Latin American market report released in June, 40% of the trading volume involved USDT. Similarly, nearly half of the transactions involving Brazilian Real also involved stablecoins. Kaiko explained that this is due to the instability of the Brazilian currency and inflation in the region.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CryptoQuant: Stablecoin supply reaches all-time high, may signal bitcoin trend
ViaBTC donates 3 million HKD to support Tai Po Hong Fuk Estate fire rescue and community reconstruction
Trending news
MoreCrypto prices
More
