Cryptocurrency: What Are Stablecoins?
You don’t have to be involved with cryptocurrency for a long period of time to understand that the price of most cryptocurrency assets are extremely volatile. This volatility makes maintaining value in regular transactions difficult at best. Stablecoins provide an
80% of Top Stablecoins Controlled by Less Than 6 Accounts
CoinMetrics reported that very few accounts in each of the stablecoin networks hold the majority of the total capitalization of these top five stablecoins. The published report revealed that there was severe centralization among several top stablecoins with only six accounts