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?
Indeed we need a lot of stable coins. This stable coin is very useful because if the coin price is stable then the crypto currency market will also be stable. Stable coins will also bring long-lasting public trust. If the coin is very volatile then it can damage people's trust. If people's trust has been greatly reduced, it is very difficult to rise again. Therefore, maintaining the stability of the coin and the stability of public trust are challenging.