In recent months, more than two-thirds of the tens of trillions of dollars in cryptocurrency trading have come from 'stablecoins'.

Recently, stablecoin-related tokens have performed well, such as $CRV, $ENA, and $USUAL, among which there are stablecoins with the RWA concept (whether stablecoins belong to RWA is controversial), as well as stablecoins based on contract arbitrage.

In short, their commonality is that they all have actual business and revenue, belonging to the pragmatic faction of cryptocurrency.

The types of stablecoins are divided into: those issued pegged to fiat currency value, those issued pegged to commodity value, those issued backed by collateralized cryptocurrency, those supported by government bonds (national credit), and those issued through algorithms. However, purely algorithmic stablecoins have become rare after the TerraUSD collapse; most existing algorithmic stablecoins are synthetic stablecoins, which include both algorithms and other supports.

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