Research Summary
The report discusses the current landscape of decentralized stablecoins in the crypto market. It highlights the dominance of centralized stablecoins like USDT and USDC, which hold 93.24% of the market share, while the top 5 decentralized stablecoins account for only 4.69%. Despite this, decentralized stablecoins are experiencing a resurgence, with platforms like Maker, Aave, and Curve expanding their stablecoin ventures. The report emphasizes the importance of decentralized stablecoins in ensuring censorship resistance in decentralized applications.
Key Information
- Stablecoins have a total market capitalization of $124B in the crypto market.
- Centralized stablecoins like USDT and USDC dominate the market, holding 93.24% of the share.
- Top 5 decentralized stablecoins account for only 4.69% of the market share.
- Decentralized stablecoins are making a resurgence with platforms like Maker, Aave, and Curve launching new ventures.
- Decentralized stablecoins are essential for censorship resistance in decentralized applications.
