Coin Metrics Report Shows Stablecoin Transfer Value Hit $444 Million

Cointelegraph

Published Mar 25, 2020 01:51AM ET

Updated Mar 25, 2020 03:40AM ET

Blockchain analysis company Coin Metrics has found that while Bitcoin (BTC) was experiencing its biggest daily drop in the last seven years, stablecoins reaped the benefits.

Coin Metrics, which conducts analysis of various aspects of cryptocurrency tokens, released their State of the Network report on March 23. The report focused on how the rest of the crypto market fared during the BTC crash two weeks ago.

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