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Stablecoins rise as bitcoin and ether sink following Russia’s invasion of Ukraine

Source photo Unsplash.com

NEW YORK (Reuters) — The U.S. Stablecoins, which are virtual tokens tethered to established currencies such as the US dollar, gained ground on Thursday amid a sell-off in risk assets such as equities and bitcoin following Russia’s full-fledged invasion of Ukraine.

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Coinmonks is a non-profit Crypto Educational Publication. Follow us on Twitter @coinmonks and Our other project —  https://coincodecap.com , Email  — gaurav@coincodecap.com

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