One of the major developments in the blockchain industry over the past year has been the rise of stablecoins. Tethered no longer, we’ve recently seen a bevy of powerful digital assets launched that maintain a stable value against a target price and use a variety of algorithms and asset reserves to achieve it.

On one hand, the launch of the likes of Circle’s USD Coin and Gemini’s aptly titled Gemini Coin have taken huge steps towards digitizing the dollar, while projects like MakerDAO have established the whole new sector of decentralized finance.

Following up on these developments, Blockchain.com’s enlightening 2019 State of Stablecoins report was recently released, and the paper reveals some informative insights.

You should definitely read the whole report, as it’s chock full of useful data, but we picked out some of our key takeaways from Blockchain.com’s 2019 State of Stablecoins…