Each stablecoin seems to be finding its own niche on ethereum

By DefiMoon | DeFiMoon | 19 Apr 2020


This beautiful graphic was released today by Flipside Crypto and I'm fascinated by it.

The key takeaways for me here is the clear division between centralized and decentralized finance camps.

It's clear that USDT is the proffered stablecoin of choice for the big centralized exchange like Binance, Bitfinex and Huobi, while DAI is king in the defi community mainly compromised by Compound, Maker and Kyber and Uniswap.

But what is really interesting is that USDC is fairly popular in both camps! USDC seems to have become a de facto bridge between defi and cefi.

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DefiMoon
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DeFiMoon
DeFiMoon

The DeFiMoon blog is about news and developments concerning decentralized finance (DeFi) protocols (Compound, Maker, AAVE, DDEX, dYdX) and stablecoins (USDC, DAI, USDT, TUSD, PAX).

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