Analysis: stablecoins’ market value rose ~4.5% from the end of February to a new high of ~$234B in April, as crypto traders sat out the market volatility (Suvashree Ghosh/Bloomberg)

Suvashree Ghosh / Bloomberg:
Analysis: stablecoins’ market value rose ~4.5% from the end of February to a new high of ~$234B in April, as crypto traders sat out the market volatility  —  In stable condition  —  As volatility took over global markets over the past couple of months, one part of the volatile digital asset market quietly grew: stablecoins.