Members of the community were confused and argued that people buying the stablecoin are not expecting it to go up in value.
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BTC/USD$ 93,682.10 5.13%
ETH/USD$ 3,365.70 3.16%
USDT/USD$ 1.00 0.01%
SOL/USD$ 234.53 8.21%
BNB/USD$ 631.76 6.09%
XRP/USD$ 1.38 8.53%
DOGE/USD$ 0.391251 9.35%
USDC/USD$ 1.00 0.11%
ADA/USD$ 0.947591 10.98%
STETH/USD$ 3,360.70 3.15%
TRX/USD$ 0.195628 7.49%
AVAX/USD$ 40.62 12.46%
TON/USD$ 6.02 2.88%
WSTETH/USD$ 4,015.95 2.43%
SHIB/USD$ 0.000024 6.24%
XLM/USD$ 0.455398 15.46%
WBTC/USD$ 93,486.05 4.95%
DOT/USD$ 8.03 11.32%
LINK/USD$ 16.92 9.02%
WETH/USD$ 3,377.87 2.85%
BCH/USD$ 495.66 4.93%
SUI/USD$ 3.16 8.69%
PEPE/USD$ 0.000019 8.63%
NEAR/USD$ 6.33 7.89%
LEO/USD$ 8.23 0.09%
LTC/USD$ 91.90 6.34%
UNI/USD$ 10.94 6.53%
WEETH/USD$ 3,548.21 2.91%
APT/USD$ 11.49 9.29%
ICP/USD$ 11.38 8.69%
USDS/USD$ 1.00 0.18%
HBAR/USD$ 0.132621 9.54%
CRO/USD$ 0.172691 9.95%
ETC/USD$ 28.75 4.72%
POL/USD$ 0.52921 9.11%
USDE/USD$ 1.00 0.02%
RENDER/USD$ 7.52 7.11%
TAO/USD$ 523.23 1.77%
KAS/USD$ 0.147955 5.11%
FET/USD$ 1.40 8.45%
ARB/USD$ 0.879741 0.95%
DAI/USD$ 1.00 0.04%
WBT/USD$ 24.02 1.83%
FIL/USD$ 5.52 4.54%
OM/USD$ 3.60 2.25%
STX/USD$ 2.17 3.71%
TIA/USD$ 7.52 7.65%
VET/USD$ 0.039552 10.12%
OKB/USD$ 52.47 6.28%
BONK/USD$ 0.000042 10.89%