Technology and crypto companies, and even a US state, have joined a rush to cash in on the recovery in the digital assets market by launching new stablecoins, but some industry experts warn there is little use for these tokens and many may not survive.
Latin American ecommerce group Mercado Libre, lender Banking Circle, crypto business Paxos International and Hong Kong-based IDA, and the state of Wyoming have unveiled plans for their own stablecoins in recent months.
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