Crypto regulation concerns make decentralized stablecoins attractive to DeFi investors By Cointelegraph

Stablecoins have emerged as a foundational a part of the cryptocurrency ecosystem over the previous couple of years attributable to their capacity to supply crypto merchants with an offramp throughout instances of volatility and their widespread integration with decentralized finance (DeFi). These are mandatory for the well being of the ecosystem as a complete.

At the moment, (USDT) and (USDC) are the dominant stablecoins available in the market, however their centralized nature and the persistent menace of stablecoin regulation have prompted many within the crypto group to shun them and seek for decentralized alternate options.

High 9 stablecoins by reported market capitalization. Supply: Messari