While everyone was talking about USDC and DAI, PAX stablecoin kept growing and growing

While everyone was busy tracking DAI and USDC, the PAX stablecoin has been steadily increasing its market share in the ethereum's stablecoin economy.

PAX now has the same active daily users as USDC and DAI. Its worth noting that USDC has 3x the market cap of PAX!

The overall value of transfers is still greater on USDC and DAI, but if PAX keeps the current rate of growth.....

The growth can also be seen on Coin Metric's graphs, which shows daily transaction numbers on PAX are much higher than both USDC and DAI.

PAX: 15.7K
DAI: 5.45K
USDC: 5.5K

https://coinmetrics.io/charts/#assets=dai,usdc,pax_log=false_left=TxCnt_zoom=1579046400000,1586822400000

PAX hasn't really grown its market cap since January 2020, when it hit its ath at 266M, but for some reason the amount of users and daily transaction counts is increasing at a very steady rate. I have to do some more research to see where all this growth is really coming from.