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BTC202: Bitcoin Mastermind 3rd Quarter 2024 w Joe Carlasare, Jeff Ross, and America Hodl (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Stablecoins: The Backbone of Exchange Activity
The majority of stablecoin volume is driven by exchange activity rather than cross-border payments or remittances, accounting for less than a fourth of their overall use. Traders utilize stablecoins to hedge against volatility in cryptocurrency markets, particularly due to regulatory challenges faced by exchanges that limit their access to traditional banking. Notably, platforms like Binance rely heavily on stablecoins, as these provide a workaround to regulatory obstacles, enabling continuous trading and liquidity in a more stable medium.
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