The stablecoins’ expanding market

The total value of stablecoins in circulation has more than doubled to $3 billion from $1.4 billion over the past year. A total of 26 stablecoins currently exist, while a further 28 are in development. Most of them are expected to launch this year. As reported by France 24, the leader stablecoin in terms of tokens in circulation and value is tether, which is designed to always be worth $1.