Distributed research for distributed networks – OurNetwork is crypto's go-to platform for onchain analytics.📝 From the Editorial Team:
In a major milestone for crypto this week, stablecoin supply has passed $200B. That means we have more dollar-pegged assets than ever being used for payments in personal and institutional contexts, as well as stablecoins' increasing usage in DeFi.
Widespread proliferation of stablecoins pose major downstream ramifications, not just for the payments industry, but our economy at large. On a micro level, stablecoins has the potential to bring payment costs to below a cent. On a geopolitical level, easy access to US dollars may threaten countries who have less-than-stable currencies.
It's a still-unfolding story, but if in the past five years stablecoins went from a strange corner of crypto to a major industry, the next five appear likely to imbue our daily lives with their usage.
With that, let's check out the onchain latest for these digital assets.
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