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Only 30% of all stable coins available | Blockdata report

Blockdata , a blockchain and cryptocurrency data analyst, released a report on stable coins on the 26th of this month.

The most interesting point in the report is that only about 30% of all stable coins are available. The report states that 66 stable coins are available, 134 is under development and 26 is already closed.

According to Blochdata, 119 stable coin projects announced from early 2017 until now are still in development stage.

Stable Coins, which were the subject of this survey, are of the type ” Signorridge Share “, which is a currency backed by real assets and value backed by an algorithm instead of assets, other than the type backed by a legal currency. Currency is also included.

It has also become clear that 67% of stable coins whose projects have already been completed were gold-backed currencies .

In addition, about half of the stable coins currently available are deployed on Ethereum, resulting in the popularity of the network.

In addition, the report covers the volatility of stable coins. Although stable coins are usually characterized by low volatility, it is also described that some stable coins have a volatility of 160%.

Article Source: Blockdata

Author: kaz 【Coin Desk News】 – Source Post: http://corneey.com/w2fJN2

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