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.