But do we need a lot of stable coins? I know that we have USDT, TUSD, CKUSD and many more. We knew that most exchange sites are using USDT. I thought that these stable coins have created with a purpose.
CKUSD only traded on two platforms. I think these platforms are taking the advantage by creating their own stable coins. It's just an example.
Of course not. But I guess it's a good business for the ones issuing them, so.. they are issuing such coins.
Do we need so many similar altcoins? No, but we have them. Some moon, some survive, some die off. I guess that something like this is going to also happen with some stablecoins too.
USDT has some trust issues, although it's accepted almost everywhere (crypto exchanges).
I didn't hear of the others.
GUSD aims to solve the trust issues and has a chance to become a real competitor for USDT.