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?
The presence of a stable coin is necessary in the cryptocurrency market. Recently, many projects put forward their ideas to create a stable coin, and these ideas are becoming popular. I think that a large number of stable coins will not need a crypto-currency market, there will be a small number of stable coins that will gain popularity and earn a good reputation, having withstood the qualifying competition in the crypto-currency market .