Morgan Stanley: Falling Stablecoin Issuance Is Negative Sign for Crypto Trading

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.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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MorganStanley willcanny99 I’ve traded. Never bought a stablecoin in my life

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MorganStanley willcanny99 Stablecoin regulation might not be the worst thing I always tend to lean on education though I would prefer people educated themselves so that 'bad' stablecoins end up not being used by people

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