📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
The reasons for the surge in stablecoins and their impact on the crypto market
The surge in stablecoins is primarily driven by the growing demand in the crypto market and their inherent value stability.
1. Growing market demand: As the crypto market continues to expand and deepen, investors and merchants have a higher demand for stable and reliable tokens. Stablecoins, as a type of crypto asset pegged to fiat currency, have lower volatility and meet the market's demand for stability.
2. Enhanced liquidity: To enhance the liquidity of the crypto market, many projects have begun issuing stablecoins. By providing a mechanism for exchange with assets that have relatively stable value, such as fiat currencies or gold, stablecoins facilitate trading activities in the crypto market.
3. Innovative Financial Products: Stablecoins, as a new type of financial product, have attracted a large number of institutional investors and individual investors for trading and saving. These stablecoins are often used as lending, payment, and settlement tools, facilitating financial innovation.
The surge of stablecoins has a profound impact on the crypto market:
First, it has enhanced market confidence and liquidity. Due to the relatively small price fluctuations of stablecoins, it has attracted more investors and institutions to participate in the market, increasing the trading volume and activity of the entire crypto market.
Secondly, it enhances the market's innovation capacity. A stable value is a catalyst for innovation in the crypto market, allowing cryptocurrencies to be used in a more diverse range of scenarios, such as cross-border payments, commodity trading, and so on.
However, although stablecoins bring many benefits to the market, potential risks must also be taken into account. If certain key stablecoins face a serious crisis of trust or encounter unmanageable redemption pressure, it may adversely affect the entire market. Therefore, a cautious attitude is needed to manage risks; as long as they are handled reasonably, they can bring greater development potential to the market. #稳定币激增市场影响#