This year has been great for the stablecoin market! 11 months of continuous inflows and a record $171 billion market cap. Visa launches stablecoin platform with BBVA. PayPal’s PYUSD reaches $1 billion market cap. Revolut is rumored to launch its own stablecoin. 💸

Stablecoins are popular as a store of value and payment instrument. However, new competitors are emerging, such as tokenized money market funds. BlackRock and Franklin Templeton are pioneers in this field. Do you think stablecoins can survive this competition? Let’s meet in the comments! 📈