According to a report published by the research company Diar, data from on-chain transactions shows that the adoption of stablecoins is growing. Diar stated that 4 major stablecoins have already broken through the $5 billion barrier on in-chain transactions in just the last three months.
Stablecoins have experienced a meteoric rise in popularity during the second half of 2018, with currencies such as TrueUSD, USDC, Paxos, and GUSD experiencing a 1032 percent increase in on-chain transactions took place in November vs. September 2018, Diar reported on December 10, 2018. Fiat-Backed Stablecoins Start Gaining On-Chain Traction…
The birth of more stablecoins, which has coincided with significant market losses for traditional cryptocurrencies, has drawn attention to these The recent birth of more stablecoins, which coincided with significant market losses for traditional cryptocurrencies, has drawn attention to the fiat-pegged digital assets. New dedicated platforms are now aggregating statistical data about their markets.
Bitcoin may be struggling, but there’s a bunch of cryptocurrencies who are faring better than most over the past six months. Here’s our in-depth look… Six months is not a long time in the great scheme of things. But in crypto, looking back to half a year ago is like seeing a different world. We’re […]