I came across this Blackrock backed stablecoin called usual and from it's current pre-market price it's around 0.3 a pop. My question is why is there a premarket for a stablecoin and why is there talk of a dip or pump about the token on twitter.
Just curious genuinely, some enlighten me haha
In 2023, stablecoins represent more than 13% of the market capitalization of all cryptocurrencies, which is far from being neglected or ignored, especially since this number is constantly growing. Stablecoins are becoming increasingly popular and their share in the cryptocurrency market is becoming increasingly important. This new type of asset appears as an alternative to traditional currencies and as a means of diversifying a crypto portfolio. As evidence of this, one can already see the significant progress that Tether has made since its first launch on one of the trading platforms.