.MorganStanley says stablecoins play a vital role in crypto trading and their products potentially compete with the fiat banking system. By willcanny99
is a type of cryptocurrency whose value is pegged to another asset, such as the U.S. dollar or gold.
In the crypto bull market of 2021, bitcoin’s price led the growth in stablecoin market capitalization, while during the bear market of 2022 the opposite occurred, the note said.
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