We all know of Tether aka USDT the main stable coin worth 1 USD (if it is or not, thats not part of this post).
Actually there is plenty more with nice caps:
- PAX 41 531 643 USD
- TUSD 166 587 199 USD
- USDC 23 841 602 USD
- GUSD 3 929 513 USD
- DAI 63 034 666 USD
That gives us over 290 MM USD held by ETH blockchain.
If you add that USDT actually also has partial ERC20 usage of around 35MM this makes Ethereum network worth sick cash just due to this.
Are stablecoins the next hot thing?
ETH Markets
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