BREAKING NEWS: A new study by the Bank of Korea reveals that dollar-backed stablecoins can push local currencies DOWN.
When exchanges allow people to buy $USDT or $USDC directly with local currency, market makers sell that currency and buy dollars to balance their books. This silent flow links demand for stablecoins directly to a country’s exchange rate.
In Brazil, a spike in interest in Bitcoin-related searches was associated with a 0.118% drop in the real, according to CoinDesk.
$BULLA 👀👀👀👀👀
#CryptoNewss #bank #Stablecoins #ZECHitsANewAllTimeHigh #altcoins
When exchanges allow people to buy $USDT or $USDC directly with local currency, market makers sell that currency and buy dollars to balance their books. This silent flow links demand for stablecoins directly to a country’s exchange rate.
In Brazil, a spike in interest in Bitcoin-related searches was associated with a 0.118% drop in the real, according to CoinDesk.
$BULLA 👀👀👀👀👀
#CryptoNewss #bank #Stablecoins #ZECHitsANewAllTimeHigh #altcoins
