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
Last week, the total bitcoin network hashrate dropped by 17.25%.
Curve founder proposes allocating 17.45 million CRV for development and team support
USD/JPY continues to edge lower, currently quoted at 155.1
Trending news
MoreCrypto prices
More
