Some friends of mine always lament that 'we need more stable coins in the cryptosphere' and I think that is highly achievable looking at the promising prospects that has been achieved by tether. It seems some upcoming projects are also promising to introduce stable coins. Is it possible to have more stable coins on the crypto market? What would really happen if we get more stable coins on the crypto market, would the volatility reduce?
I think there will be no more stablecoin in the market. This is a general model and it should only have 1-3 such businesses. Our market does not have much demand for holding a variety of stablecoins because it is not profitable for them.