Father of smart contracts, Nic Carter: Trading volume of stablecoins does not necessarily correlate with the cycles of the cryptocurrency market.

BlockBeats News, on September 14th, BlockBeats reporter covered Token2049 and reported that Nic Carter, the founder of Castle Island Ventures and a pioneer in smart contracts, spoke on the topic of "Regime Change in the Stablecoin Market" at Token2049 in Singapore. "Stablecoins have dominated the public blockchain space in the past few years. Despite the waning enthusiasm in the cryptocurrency market, stablecoins remain very active. Even in this bear market, the monthly active users of stablecoins are on the rise. This means that the utility of stablecoins is significantly different from the speculative trading activities in the cryptocurrency market, and stablecoins have practicality and trading volume that may not be tied to the cryptocurrency market cycle. Stablecoins are the cornerstone of global finance, powering many new banks, a large amount of remittance activity, and many fintech companies, especially in emerging markets such as Latin America."