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Ethereum Is No Longer a Monopoly Platform for Stablecoins

Just a few years ago, it was hard to imagine that a stablecoin would come to represent a significant portion of the cryptocurrency industry. Market players tended to base their money-making strategies on a cryptocurrency’s volatility rather than its stability. There were only 11 stablecoins on the market in 2016, and another 10 were added in 2017. Nowadays, there are 66 stablecoins, and over 134 others still in development. The overwhelming majority of these stablecoins were running on Ethereum before 2018, without any indication suggesting that this might change.


But the script has flipped, according to Blockchain.com’s “2019 State of Stablecoins” report: Only 50% of all stablecoins are now built on Ethereum, and the latest Blockdata report also highlights this decrease. The ground for the stablecoin market is shifting beneath our feet. Read More...

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