TokenAnalyst co-founder: increasing market value of stablecoins will increase market volatility

According to Bloomberg, Sid Shekhar, co-founder of market tracking agency TokenAnalyst, said that as more and more investors enter stablecoins, the volatility of the cryptocurrency market may be exacerbated. Shekhar explained: "The more USDT exists (especially the more USDT in the exchange), the more opportunities there are for cryptocurrency prices to fluctuate significantly, because traders can immediately buy (or sell), transfer assets or The process of converting fiat currencies into cryptocurrencies will become faster. This will naturally increase volatility. "