Efi Pylarinou | Source | Independent Advisor at Efi Pylarinou Advisory

The stablecoin market growth has mainly been fueled by an increased demand for convenient ways to get into and out of cryptocurrency positions but remain on-chain. Amongst crypto aficionados, stablecoins are the only way they use to on-ramp and off-ramp on crypto exchanges, as these investors typically do not want to exchange their position into fiat currencies.