Stablecoin 2019 market summary

2018 was widely cited as the year of the stablecoin, with many prominent firms launching their own projects to take market share from dominant and controversial market leader Tether. A year on, these new projects have begun to take shape in the cryptocurrency ecosystem.

While some projects have failed to take off, others have experienced significant growth since their launch. In this piece, The Block will provide a market summary of stablecoins and their current standing in the cryptocurrency market.