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This Is the $100 Billion Question for the Stablecoin Industry

May 28, 2021, 2:48 PM

In case you missed it, so-called stablecoins are becoming huge.

This week, data from The Block showed that the total supply of all stablecoins broke $100 billion.

The Block

The biggest stablecoin still, by far, is Tether, which is also the most infamous, and also the stablecoin that’s closest to being a household name. It’s at the center of many cryptocurrency conspiracies and theorizing. And then the next biggest is USDC, created by the company Circle. The easiest way to think about a stablecoin is that it’s like a money market fund meets a bearer instrument that anyone can hold on ...