from old coins to stability: the rise of the stable coins and the possible stable coin season in the cryptomarkt
<p> <strong> from old coins to stability: the rise of the stable coins and the possible stable coin season in the cryptomarkt </strong> </p>
The development of the stable coins in the cryptom market
In recent years,crypto projects have developed from the exhibition of old coins to expanding the offer of different types of stable coins. The total range of stablecoins recently exceeded the brand of over $ 230 billion, which is partly due to the increased offer of the five leading stable coins.
stable coins on the advance
The crypto market could move from an altcoin season to a stable coin season. The range of stable coins increases almost weekly and reached new heights. These developments are not only due to the supply inflows for the most popular stable coins such as Tether (USDT) and USD Coin (USDC). Changpeng Zhao, founder of Binance, found that there have been more stable coin startups than Altcoin startups lately. This shows that more and more new projects choose a model with synthetic or assets supported by assets to build up your own liquidity.
The exact supply of the leading and smaller stable coins vary depending on the latest projects. The overall rating is currently between $ 229.4 billion and $ 236 billion, with over $ 200 billion being controlled by USDT and USDC. Binance also uses FDUSD, a centrally controlled stable coin to feed liquidity into various important trading pairs.
The variety of stable coins
The StableCoin market has divided into three levels: the market leader USDT and USDC, larger stable coins such as Dai and Usde, which are connected to defi protocols, and numerous new assets that usually still have relatively low liquidity. A possible StableCoin season could further promote the use of existing assets and the development of new stable coins with various applications.
The future of the stable coins
The cryptoma market is already over -saturated with millions of tokens and old coins, including memes. Many of these assets can lose significantly in value within a very short time. Nevertheless, according to Artemis data, there are already 42 smaller stable coin projects with a total value of $ 6.4 billion. The wider stablecoin list includes up to 300 assets, some of which only have limited liquidity.
Despite the exciting developments in the field of stable coins, there are also challenges. Currently around $ 10.9 billion are locked in over -collateralized coins, which is a risk if the cryptoma market moves into a weaker phase. In particular, algorithmic stable coins, which are the most risky category, have an offer for Ethereum of only $ 800 million. There are signs that some projects could lead to an unstable system similar to that of the terra (Luna).challenges and risks
The fragmentation of liquidity represents another major problem. New stable coins tend to form isolated ecosystems, which makes it difficult to trade between projects and forces users to keep their investments over long periods of time before they get an appropriate value. Even if the prices of the stablecoins are nominal at 1 USD, the introduction of new stable coins poses risks for both investors and the market as a whole.
stablecoins and their influence on the market
stable coins have significantly shaped the crypto market by using the USD as the most intuitive account unit. Chinese media reported on the Spillover effect, in which risks and debts in the United States could influence the cryptoma market. A localization of the market is required, possibly by introducing RMB-bound stable coins. RMB stablecoins currently have an offer of only 2.9 million USD, which has a similar limitation as with euro stable coins.
Overall, it remains to be seen how the stable coins and their use will develop in the cryptom market. In view of the dynamic changes in the industry and the continuous introduction of new projects, a StableCoin season could significantly influence the market in the coming years.
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