Hi community,
In part 1 of the #stablecoin piece, we're deep diving into recent developments in the space, including potential implications for smaller #defi players. 🌐
While the #GeniusAct will open doors for #TradFi and #crypto giants to enter the space, it could risk #decentralized players standing by the sidelines. Based on the pie chart in the infographic below, #USDT and #USDC are still dominating the market by a huge margin. 📈
For example, algorithmic #stablecoins in the space are still struggling to recover from the collapse of #Terra's UST in 2022, with newer models like #FRAX also facing an uphill battle.
Read our latest insights into the challenges such players face in this writeup ➡️
#crypto #cryptoinsights #web3 #cryptocommunity
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