During the last 12 months, the stablecoin ecosystem has seen rapid growth. Now several new contenders are challenging market leader Tether, promising new levels of transparency and security. As the ecosystem evolves, crypto exchanges are increasingly creating their own stablecoins. Binance, OKEx, and others are joining the likes of Circle and Coinbase with their own proprietary offerings. A new report from Binance, The Evolution of Stablecoins, chronicles these changes in the market, finding that stablecoins are quickly eating into the dominance of Bitcoin and Ethereum pairs, and have grown to represent 60 percent of ... (full story)