CryptoDaily Briefs

Daily Brief Crypto: The Three-Stablecoin Problem and more

In today’s briefing:

  • The Three-Stablecoin Problem

The Three-Stablecoin Problem

By Kaiko

  • In six years, stablecoins have grown from making up just 1.5% of BTC trade volume relative to fiat currencies such as the Dollar or Euro, to more than 87%.
  • This has been matched with an explosion in market capitalization for the three largest centralized stablecoins: Tether (USDT), USD Coin (USDC), and Binance USD (BUSD).
  • The three had a combined market cap of $10bn in May 2020, the start of DeFi Summer.

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