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Research

The Rise of Stablecoins

The idea of having a stable digital currency has existed for a long time, and even predates Bitcoin.

Research
RESEARCH

The Rise of Stablecoins

Introduction

The idea of having a stable digital currency has existed for a long time, and even predates Bitcoin.

The idea of having a stable digital currency has existed for a long time, and even predates Bitcoin. But for all intents and purposes, the rise of stablecoins started in early 2015 when cryptocurrency exchanges began listing Tether for trading. In this report, we examine the rapid rise of stablecoins, Tether’s sustained dominance, stablecoins’ role in cryptocurrency trading and their user growth.

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