Breaking down the most funded stablecoin projects as of May 2019

BLOCKDATA
BLOCKDATA
May 30, 2019 · 5 min read

Some entries have been updated on August 20th, 2019.

2019 looks to be the year of the stablecoin. Since the beginning of 2017, 122 stablecoin projects have been announced but are still in development. We took a look at the projects with a stablecoin that have received the most outside funding.

A stablecoin is a class of digital asset which is designed to hold constant value relative to another asset. This other asset could be a commodity like an ounce of gold; a US Treasury-minted dollar (USD)…