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Fiat-Backed Stablecoins Dominate in 2024, but Stability Issues Persist: CoinGecko Report

Summary by Blockchainreporter
CoinGecko’s latest report, “State of Stablecoins: 2024,” presents a comprehensive overview of the stablecoin landscape, highlighting significant trends, challenges, and developments within this critical segment of the cryptocurrency market. Stablecoins, which are designed to maintain a fixed value by being pegged to assets like fiat currencies or commodities, have become an essential part of the crypto ecosystem, acting as a bridge between tradi…
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