Paxos takes lead, Circle is competing, Gemini is losing

Three regulated stablecoins by Paxos, Circle and Gemini are directly competing against each other. If circulating supply is taken as a metric of success, Paxos is taking an early lead, USD//Coin was trailing until recently and Gemini dollar has so far not been able to compete. In just the last four days, Paxos has doubled its circulating supply while USD//Coin remained stable.

About Author

Larry joined crypto research full time in early 2017 and has expertise in capital markets, market structure and early stage DeFi companies/protocols and token economics. He has a background in economics and finance.