Stablecoins race ahead: Fiat-backed crypto booming amid uncertainty

[Dociko]

Stablecoins are taking over the crypto space with increased utility and circulation. What is prompting this growth, and is it a threat to the market? Despite this year’s uncertainty that has plagued the global economy, 2020 will go down as the year of the stablecoins due to the digital sector’s tremendous growth, with new developments emerging across the board. While some attribute this growth to the booming interest in decentralized finance among crypto enthusiasts, others see it as a bullish trend that confirms the inflow of fiat currency to the crypto ecosystem.
Details: https://cointelegraph.com/news/stablecoins-race-ahead-fiat-backed-crypto-booming-amid-uncertainty

[Astra]

So far, we can only say that stablecoins have created additional conveniences when working with cryptocurrency and revived the entire cryptocurrency market. They should also spark people's interest in decentralized cryptocurrencies as they are based on common blockchain technology. This should be especially evident after the digitized currencies of the central banks of states will appear en masse. After all, behind such stable coins will be the authority of states. At the same time, stablecoins, especially the digitized currencies of states, can create good competition for decentralized cryptocurrencies as a means of payment.