Stablecoins ; Not Quite Stable Yet ♂️
▻https://hackernoon.com/stablecoins-not-quite-stable-yet-%EF%B8%8F-4481b1b41d44?source=rss----3a
Stablecoins are a large part of the discussion in crypto-land, and probably for good reason. They currently represent ~2% of the whole market capitalization of cryptoassets, which unarguably puts them in the Top-5 clusters in the cryptoasset space (alongside currencies, smart contract platforms, privacy coins and exchange tokens) — an impressive feat, no less. Their utility is beyond any question, as in a universe of highly volatile assets, they stand out as a plausible solution to a huge adoption hurdle. As such, many have put stablecoins front and centre when considering what the key pivots that trigger the next wave of adoption, might be.The cluster’s ecosystem has developed significantly over the crypto-winter (especially from 4Q2018 onwards), with new entrants challenging for Tether’s (...)