Over 300 Stablecoins On CoinGecko, But Are All The Same?

Stablecoins are a linchpin for the crypto markets. Since the beginning of the July 2017 bull run, Tether’s USDT, the largest and longest-running stablecoin, which had a market cap of $108 million, has seen its market capitalization grow an astounding 170,600% to $184 billion. Some of this stablecoin demand came from crypto exchanges needing a stable asset to trade without formal bank access to the US dollar. Clamor from people living in places that don’t have access to the greenback was another source: https://beincrypto.com/too-many-stablecoins-problem/