The past two years have opened the eyes of the world to crypto currencies. Showing particular interest has been central banks with a number of them developing their own stablecoins and more will be arriving this year.
Year of the Stablecoin
Many of the existing stablecoins may simply disappear under an avalanche of better alternatives. In reality, there is no real need for more than a couple of dollar-pegged stablecoins but there are currently more than enough.
According to Circle co-founder and CEO, Jeremy Allaire, only a few will survive. Naturally, he has included his own USDC on that list with over $500 million in circulation. Other rival stablecoins such as Paxos has around half the market capitalization and Gemini’s offering has declined to just $3.7 million.
(1/3) While the industry and media hype out over…
Click to continue reading on its source location…