📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
Changes in the Stablecoin Market Landscape: An Analysis of the Current Development Status of Decentralized Stablecoins
Gate News bot message, the current stablecoin holds an important position in the Crypto Assets industry and has become one of the few encrypted products with a clear product-market fit (PMF) aside from speculative trading.
According to the data, the total market capitalization of stablecoins has exceeded 138 billion USD, with centralized stablecoins such as USDT and USDC dominating the market, accounting for over 95%. In contrast, decentralized stablecoins like DAI have a relatively small market share.
With the development of the industry, decentralized stablecoins face greater challenges. For example, DAI's market dominance is gradually declining, and its market share has been continuously decreasing from historical highs. At the same time, the use cases and circulation scale of centralized stablecoins are constantly expanding.