The team at BlockData beat us to the bunch and released a beautiful quarterly report on the state of the stablecoin market, full of eye-candy based on our data - thanks for the hat-tip!
■ Only 30% of the total number of announced stablecoins are live. The rest are either in development or closed.
■ Off-chain is the most popular form of collateral for stablecoin projects.
■ USD-backed stablecoins are the most active and have the lowest attrition, while 67% of closed stablecoin projects were backed by gold.
■ 50% of all active stablecoins are developed on the Ethereum network.
■ Tether has raised the most amount of funding for all stablecoin projects with $ 1 Billion raised through an IEO.
■ Since the beginning of 2017, 119 projects have been announced but not yet publicly launched. 2019/2020 may be the biggest years of new stablecoins coming live.