Stabilizing crypto

Stablecoins, tokenized versions of currency, like USDT which links Tether to the US Dollar and USDC built on Ethereum continue to gain traction. Notably, stablecoins are a top-20 holder of US government debt. Beyond crypto trading use, stablecoins are also gaining credibility as a payment method cross-border transactions. For example, payments technology Stripe recently acquired Bridge for USD 1.1 billon to facilitate stablecoin payments for its clients.

Source: DefiLlama, November 2024