Competing Stablecoins Can’t Topple Tether
Stablecoins have attracted less attention this year because revitalized crypto markets have given traders less cause to rely on them. Last year, everyone was issuing new stablecoins, but that trend has slowed to a trickle. On July 3, a new stablecoin did enter the fray, although this one has no designs on displacing tether. Pink Care Token (PCAT) is a stablecoin issued as part of a Binance-fronted initiative to supply feminine hygiene products to Ugandan women.
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