This is in part because stablecoins have proven incredibly useful, and lucrative for issuers. They serve as a stable store of value, means for payments and commerce particularly for remittances, trading collateral, and trade settlements between traditional finance and blockchain networks. The underlying holdings of stablecoins, often U.S. treasuries or other short-term fixed income holdings, pay the issuers consistent yields.

Go to Source to See Full Article
Author: Aaron Kaplan