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This document summarizes research on stablecoins, which are cryptocurrencies designed to maintain a stable value relative to traditional currencies or assets. It finds that over one-third of stablecoins have failed, with earlier vintages having higher failure rates. Tether and USD Coin account for most stablecoin transaction volume and velocity. Transaction fees for stablecoins are generally lower than traditional payment methods but rising. Exchange turnover of Tether reaches nearly $120 billion daily, com

Author

icosahedron_man

Language

EN