Stablecoins Growing in Popularity, Showing Potential to Replace Fiat Later On

By Yuri Molchan

Wed, 10/10/2018 - 12:36

Stablecoins, backed by physical assets, seem to be the way to link the fiat assets to digital ones. Their popularity is growing from day to day at a great pace

Stablecoins Growing in Popularity, Showing Potential to Replace Fiat Later On

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Stablecoins, backed by physical assets, seem to be the way to link the fiat assets to digital ones. Their popularity is growing from day to day at a great pace.

The great growth in the demand is prompting various startups and financial institutions to release their own stablecoins and get a piece of this cake.

The overall market of stablecoins amounts to $3 bln. That is less than two percent of the digital asset market. Tether is the most highly valued stablecoin since it has grabbed 93 percent of the total market value.