History of stablecoins
Let’s take a time machine back to 2014, when the crypto world was a frontier town, rough and uncharted. Enter Tether—the first stablecoin, like a pioneer planting a flag, promising to link the wild west of crypto to the stability of the U.S. dollar. It wasn’t smooth sailing—early critics called it a mirage, questioning its reserves. But as Bitcoin’s rollercoaster rides scared off investors, the idea took root. By 2018, USD Coin joined the party, backed by big names like Circle. This journey shaped today’s $100 billion stablecoin market. Wondering how people put these pioneers to work?
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