Stablecoins also provide crypto investors with a “safe haven” when cryptocurrency price volatility is high. So when cryptocurrencies go on a wild rollercoaster ride, as they have in recent months, the demand for stablecoins rises. This tends to push them off your ankles, which destroys your aim. So when people cash in on risky cryptos in nice and safe stablecoins and USDC starts to look expensive, Jeremy Allaire cranks up the printing presses.

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