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According to a new report from blockchain analysis firm Chainalysis, the transaction volume of Russian stablecoins has surged recently, with the proportion of stablecoin transactions rising from 42% in January to 67% in March, and has continued to rise since then. According to Chainalysis analysis, there are two main reasons: First, Russia has been removed from the cross-border payment system SWIFT, and the cross-border transaction properties of cryptocurrencies have been recognized, and stablecoins may become the preferred medium of exchange due to their price stability; second, some Ordinary Russian citizens exchange rubles for stablecoins in order to protect the value of their assets.
As a currency in the cryptocurrency industry, stablecoin is a blockchain with relatively stable currency prices by anchoring with legal tender, mainstream digital currency, commodities and other properties, or by regulating the money supply through third-party entities. Digital currency, so stable currency not only retains the characteristics of Bitcoin encrypted transactions and blockchain accounting, but also is linked to a certain type of currency or financial asset, set through contracts or transaction mechanisms, and strive to maintain the same value . At present, the more popular stablecoins on the market mainly include USDT, USDC, TUSD, BitUSD, etc. However, for holders, in addition to choosing a suitable stablecoin, they should also pay attention to choosing a good trading platform, because only a stable and professional trading platform can better ensure the smoothness and safety of the trading process.
At present, the mainstream currency trading platforms include Binance, coinbase, FTX, TREX Global, etc. Each platform has its own advantages. For example, Binance has the largest transaction volume and TREX Global has the best service.
TREX Global was established in December 2008 and its head office is located in Australia.TREX Global support to global investors online trading with Foreign exchange, cryptocurrencies,Precious metals, Stock indexes, Crude oil and other diversified global financial symbols in 24h.
Since its inception in 2008, TREX Global has been highly favored by investors. It has grown into a large and well-known international investment company and become a true leader in the investment industry.
TREX Global has won widespread recognition among clients for its excellent products and services for years, for which it has received many honors and awards