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Crypto

Stablecoin Havens; Bitcoin’s Grip

This has been an interesting summer for bitcoin. While the price has stabilized after its sharp drop at the start of the year, bitcoin has grabbed a larger overall share of digital coins. Bitcoin now represents 53% of the cryptocurrency market, up from 38% since the start of 2018, according to CoinMarketCap.

Investors tell me bitcoin’s growing dominance is a sign that people are seeking refuge from so-called “altcoins” in bitcoin’s stronger name recognition. Yet one type of cryptocurrency, stablecoins, is showing no sign of slowing down. We have exclusive data below on investment in stablecoin projects, as well as analysis of Wall Street’s enterprise blockchain push, and more.

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