Why DeFi Giants Aave, Curve May Want Their Own Stablecoins

Stablecoins are also unmistakably one of crypto’s most important innovations and historically one of its fastest growing sub-economies. Today, there’s over $150 billion worth of stablecoins in circulation, according to data provider CoinGecko. Two dollar-pegged assets from competing centralized companies/consortia, tether and USDC, account for over two-thirds of that market.