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.
Tether is on e of the reason why Bitcoin is in the ground right now. Since Tether is not back up by real US$, they use Tether to pump and dump Bitcoin that is why the US government is now on the process of Investigation in Tether.