As of the end of May 2021, #stablecoin supply exceeds $100 billion in market value according to data from The Block. This substantial development in the stablecoin market is primarily driven by the significant global demand for digital assets in the Decentralized Finance (#DeFi) space. While stablecoins are in the spotlight, debates around their stability, resiliency, risk, and compliance with existing regulations in financial markets are currently being shaped. However, the stablecoin market is dominated by #US stablecoin providers – #euro stablecoins lag behind. Further, as central banks consider issuing their own digital #currencies – CBDCs – dynamics and interlinkages between stablecoins and #CBDCs are now remarkably explored.
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