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?
Its necessary to have many stable coins in crypto space,users are the ones to chose which one they like the best,i like using usdc when trading and most time to cut short my loses i exchange my coins to stable coins, for example if price pump occurs you can quickly swap your coins to stable coin to keep the present value at a fixed price,its very useful for traders and crypto users in general