The market is starting to differentiate between stablecoins, even though these cryptocurrencies are all designed to trade 1-to-1 with fiat. Several U.S. dollar-pegged cryptocurrencies are now trading either significantly higher or significantly lower than the greenback, reflecting investors' perceptions of their relative risk. Given that stablecoins are typically used as on-ramps for investors looking to purchase bitcoin or other cryptocurrencies, these premiums and discounts mean that customers may not be paying bitcoin's "sticker price," as listed on a given exchange or data platform. The new, more ... (full story)