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Stablecoins Resurge in Interest Following SEC Lawsuits

Following the SEC's lawsuits, there has been a resurgence of interest in stablecoins. This is evidenced by the increase in unique active addresses and weekly senders in stablecoin transactions. Investors are seeking stability and risk mitigation by shifting their investments from altcoins to stablecoins.

USDT currently leads the market in terms of market cap, but USDC and DAI have also seen a hike in their market caps in recent weeks. Tether has been utilizing the yield generated through USDT's dominance to purchase BTC, which could have a positive impact on Bitcoin in the future.

Bitcoin Bitcoin $91,598.13
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