Some companies create new stablecoins, why do we need them? if key is already there. I hope they will not be as much as conventional cryptocurrencies (more than 1500) of which most scams.
we need stable coinst like TUSD or USDT to hedge the value of btc and eth or other currencues to avoid the volatility in the market. there are rumoers that the usdt is not backed by dollars so trust platform created the tusd which is backed by the us dollars. stable coins also have the limited supply so may be to address this issue more stable coins are being into existance to hedge the risk