6 Charts showing the Stable Coins rise & China’s dominance of Global demand

2 min read

Some of the most recent reports on Cryptocurrency trading volume have concluded that most of the demand is coming from the U.S. & select global exchanges. However, this hasn’t lessened the concern of the U.S regulators about the Bitcoin price manipulation. Previewing the data about the funds being moved on-chain for the biggest stable coin, Tether, presents a totally difficult picture for China – a country mired in controversy over its complete ban of Cryptos. More on this later, but first a look at the continued rise of stable coin projects over the past year & a half. Today’s data…...

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Faisal Khan Faisal is based in Canada with a background in Finance/Economics & Computers. He has been actively trading FOREX for the past 11 years. Faisal is also an active Stocks trader with a passion for everything Crypto. His enthusiasm & interest in learning new technologies has turned him into an avid Crypto/Blockchain & Fintech enthusiast. Currently working for a Mobile platform called Tradelike as the Senior Technical Analyst. His interest for writing has stayed with him all his life ever since started the first Internet magazine of Pakistan in 1998. He blogs regularly on Financial markets, trading strategies & Cryptocurrencies. Loves to travel.