Bitcoin (BTC) $77,828.93 0.95%
Ethereum (ETH) $2,520.58 0.13%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 101.543611 0.81%
Chainlink (LINK) $11.40 -0.25%
Cardano (ADA) $0.21 1.95%
Litecoin (LTC) $53.85 -0.52%
Dash (DASH) $54.14 -1.87%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 0.463991 1.46%
X-Cash (XCASH) 3.0E-6 0.00%
Dogecoin (DOGE) $0.00 -0.83%

Cryptocurrencies: 30023

Markets: 115901

Market Cap: $2,655,973,055,019

24h Vol: $58,563,006,405

Bitcoinist

2023-02-15 14:40:45

Why A Drop In Stablecoin Market Cap Is A Bad Sign For Crypto, According To Morgan Stanley

Why A Drop In Stablecoin Market Cap Is A Bad Sign For Crypto, According To Morgan Stanley

According to researchers at the U.S. investment firm Morgan Stanley, stablecoin instruments may be able to compete with conventional banking systems, and its dropping market capitalization signals a decrease in cryptocurrency liquidity and leverage. The bank has issued a warning to cryptocurrency investors, stating that decreased issuance of these asset types will likely have a

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