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Crypto regulation concerns make decentralized stablecoins attractive to DeFi investors By Cointelegraph

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Stablecoins have emerged as a foundational part of the cryptocurrency ecosystem over the past couple of years due to their ability to provide crypto traders with an offramp during times of volatility and their widespread integration with decentralized finance (DeFi). These are necessary for the health of the ecosystem as a whole.

Currently, (USDT) and (USDC) are the dominant stablecoins in the market, but their centralized nature and the persistent threat of stablecoin regulation have prompted many in the crypto community to shun them and search for decentralized alternatives.

Top 9 stablecoins by reported market capitalization. Source: Messari