Stablecoins are also unmistakably one of crypto’s most important innovations and historically one of its fastest growing sub-economies. Today, there’s over $150 billion worth of stablecoins in circulation, according to data provider CoinGecko. Two dollar-pegged assets from competing centralized companies/consortia, tether and USDC, account for over two-thirds of that market.
Source: https://www.coindesk.com/layer2/2022/08/01/why-defi-giants-aave-curve-may-want-their-own-stablecoins/?utm_medium=referral&utm_source=rss&utm_campaign=headlines