A sharp sell-off across the cryptocurrency market Tuesday—that saw top tokens like (BTC), Ether (ETH), (ADA), and Solana (SOL) fall by double-digital percentages—created a venue for stablecoins to prove their worth.
The fixed-price cryptocurrencies offered interim protection to traders from the notorious crypto price volatility. They did so by almost maintaining their one dollar-peg and offering sufficient liquidity to traders that looked for a safety net during the market decline.
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