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?
Yes, we need stable coins and at the same time it is better that they are different and supported by different currencies. With the advent of stable coins, it has become easier and more convenient to work with cryptocurrency. This is a kind of buffer between different types of cryptocurrency, between which there are no direct pairs for exchange, or if you need to hold funds for some time without withdrawing from cryptocurrency until a certain moment.