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Crypto-regulation concerns make decentralized stable currencies attractive to DeFi investors Cointelegraph

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Stablecoins has emerged as a core part of the cryptocurrency ecosystem over the past two years to provide an offframp for crypto traders during their volatile and broadly integrated integration with decentralized finance (DeFi). These are necessary for the health of the entire ecosystem.

Nowadays, (USDT) and (USDC) are stable coins on the market, but their centralized nature and persistent threats from stablecoin regulation have led many in the cryptographic community to discard them and push for decentralized alternatives.

9 major stable currencies according to reported market capitalization. Source: Messari