While the rest of the crypto market has been stagnant for quite some time, market analysts are noticing the growing spread, and the rise in the number of transactions involving stablecoins in blockchain. Experts at ICOBox evaluated the pros and cons of these "stable coins" and came up with their conclusion regarding their chances to replace bitcoin.
According to the data available for the research, in just three short months four major stablecoins – USD Coin (USDC), True USD (TUSD), Paxos (PAX) and Gemini Dollar (GUSD) – shot past the $5 billion mark in terms of the volume of blockchain transactions, and between September and November the number of transactions went up by 1,032%. These are colossal figures, especially considering the overall downward trend in the market.
Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/rise-of-stablecoins-are-they-crypto-markets-future/