Currently seems every project or crypto company wanna create a stable coin now, except USDT, currently we have GUSD, TUSD, PAX.
But do you think it's really necessary to have so many stable coins?
This is the same as raising the question of whether we need a large number of different cryptocurrencies. The answer here may be one - cryptocurrency does not happen much. All that will not be claimed, after some time, will leave the market itself. Therefore, in my opinion, there is nothing to worry about. Over time, the market itself will handle all these issues.