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Bitcoin Volatility Pushes Indian Crypto Users Towards Stablecoins
Stablecoins, which are pegged to an underlying asset such as the U.S. dollar and tend to be less volatile, are gaining popularity.
22 Apr 2021, 12:02 PM IST
37-year-old Kumar Abhishek, who doubles up as a crypto trader while also working as a mortgage underwriter at a multinational company in New Delhi, has been investing in cryptocurrencies for the last two years. But, lately he has been increasing his stablecoin holdings, which now stand at close to 40% of his crypto portfolio.This, Abhishek said, is a conscious strategy to help protect himself against crypto volatility. It also helps ...
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