Stablecoins Won Crypto Markets in January – With 0% Returns

Stablecoins Won Crypto Markets in January – With 0% Returns
In January, stablecoins were the place to be.Among cryptocurrencies with over $10 billion in market cap, the top four performers during the month were all stablecoins: By simply holding their peg to the dollar, those digital assets avoided one of the worst-ever starts to the year in cryptocurrency markets, as bitcoin fell 17%.Tether’s UST rose 0.02% during the month, Binance USD (BUSD) was unchanged, Circle’s USD Coin slipped 0.03%, and Terra USD (UST) slid 0.14%.In other words, they held their value – the crypto equivalent of sitting in cash while the most popular crypto assets took big losses. Ether (ETH),…