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USDC and other stablecoins are going to balloon up in 2022
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Apart from regulating the cryptocurrencies, the other part of this industry, stablecoins were also gaining the limelight. However, the cautionary warning tag has been passed on from crypto to stablecoins too.
It is no secret that along with the growing reach of cryptocurrencies, stablecoins like have also reported exponential growth. They have ballooned 500% and hit a market cap of $127 billion over the past 12 months. The leaders on the board include Tether, USD Coin, and Binance USD. USDC alone reported a market cap of $35 billion, compared to a mere $3.7 billion at the end of 2020. Although the stablecoins were used to trade against popular cryptos, Circle CEO Jeremy Allaire believed we may see growth in the utility of stablecoins like
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