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.
This is an interesting observation. Resteemed this post.
This article was crossposted in the Community Banking and Finance where it has received additional support and encouragement for this content creator.
LOL I know...
But love it or hate it, it's the standard, for now. The dollar reminds me of a middleman, you don't trust the person your doing business with, and you don't like paying the middleman, but you always use him to safely transact business. But the future may be devoid of dollars, as stablecoins and DeFi credit facilities create arbitrage opportunities for the common people that the banking system reserves for the wealthy.
Thing is you can do stuff with stablecoins on ethereum that you can't with dollars in a traditional bank account. (e.g. moving large sums for small fees, lend in secondary markets, do arbitrage etc..) And the use-cases seem to be increasing very rapidly.