Blockchain has released a report examining stablecoins that finds the asset as unlikely to leave the market soon. These fixed-value digital assets are becoming one of the tools for adoption in the crypto ecosystem. While Tether (USDT) remains the best-known dollar-pegged token, the report shows that there are a total of 57 stablecoins in various states of development, either fully deployed or awaiting launch in the coming months.
Out of 57 assets, 23 are fully launched, and 34 are in the pre-launch phase. The research divides stablecoins into two categories - asset-backed and algorithmic. Among asset-backed coins, not all use
’collateral in fiat, and some coins back their value by a reserve of other crypto assets, such as Ethereum. Algorithmic coins use various controls of supply and demand to keep the dollar peg. &nb...
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