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Platform leverages on-chain Forex markets supported by Chainlink to unlock the full potential of stablecoins
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There is no doubt that the $129 billion stablecoin market is bubbling, with hundreds of different projects, each with various features and functionality. However, despite the diversity, the stablecoin market is primarily dominated by the top five projects, which make up 94% of the total market capitalization and represent 99% of stablecoin trading volume, most of which are USD-stablecoins.
As a matter of fact, most of the stablecoin market revolves around the U.S. dollar, adding currency exchange risks and frictions for users who don't live in the U.S. Yet, non-USD stablecoins can play an essential role in onboarding billions of users to the crypto ecosystem and, more precisely, decentralized finance (DeFi), and, therefore, are often looked
Read more on cointelegraph.comAbout this in other media
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