Much of this month has been a time of turmoil for markets across the world. Even Bitcoin, the primary cryptocurrency, has fallen from $8000 to $5000. Currently, there are no clear signs of whether bulls are going to take control, but Bitcoins current oddly high correlation with traditional assets has held its price low. While many cryptocurrencies are now sitting on the stands, stablecoins have picked up. After the recent market meltdown, there had been a
rapid growth in the stablecoin demand.
You should to take a look at the market and this time the correlation between bitcoin and the traditional asset is not so strong as you said. Stable coin become the best solution especially for the stable coin that backed by dollar as it keep raising anytime with the bearish trend of the market.