Global #US dollar

The growth of stablecoins, which are cryptocurrencies pegged to the US dollar, played a significant role in the first quarter's crypto bull market but has stalled since the Bitcoin blockchain's mining reward halving on April 20.

The Tron price is showing momentum as it surpasses the resistance level of $0.1220 against the US Dollar.

According to recent findings by Visa and data platform Allium Labs, less than 10% of stablecoin transaction volumes are deemed organic or originating from genuine individuals.

Bitcoin's price has dropped in anticipation of its April 20 halving and the Fed's anticipated rate-cut pause in May as the US dollar gains momentum.