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

  • Yuri Molchan
    📰 News

    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

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.

Cover image via u.today
The fastest way to get crypto news is to follow our Twitter. You won’t miss a thing! Subscribe.

About the author

Yuri has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

👓 Recommended articles