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  4. Stablecoins race ahead: Fiat-backed crypto booming amid uncertainty

Stablecoins race ahead: Fiat-backed crypto booming amid uncertainty

charlielee
2022-10-27 10:57:54

Stablecoins are taking over the crypto space with increased utility and circulation. What is prompting this growth, and is it a threat to the market?

Post Reply  
dianasmith
2022-10-27 10:58:24
The number of stablecoins is constantly increasing as the cryptocurrency market grows. The stabelcoin DAI from the DeFi sector has already exceeded 1 billion coins. On the Coinbase exchange, they even charge 2% per annum on deposits in DAI.