THE EXPANDING STABLECOIN ECOSYSTEM

Summary from the TLDR Crypto newsletter

Stablewatch released an updated Stablecoin Ecosystem Map, categorizing the rapidly growing market into crypto-backed, T-bill-backed, non-USD, and tokenized bank deposit stablecoins. The visual highlights the diversity of issuers from Aave's GHO and Frax's frxUSD to Circle's USDC, PayPal's PYUSD, and Hyperliquid's USDH, as well as emerging entrants like Western Union's USDPT and MegaETH's USD.ai.