With markets back in recovery, traders will continue to opt back into stablecoins as there is value to be captured across DeFi protocols.
At current rates, centralised stablecoin, Circle (USDC) could be well over the $100bn mark by the end of the year, doubling where things stand today. Year-to-date, USDC has grown by 22%, while Tether (USDT) has seen less than 2% growth.
The liabilities on issuers is not small change by any means. But what is it that regulators can do to mitigate systemic risks?
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