Venture Capitalists Have Invested Over $200M in Stablecoins

Does the world need more stablecoins? Yes according to VCs, who have thrown hundreds of millions of dollars at projects developing stable or low volatility digital assets. The $45 million committed in 2019 takes the past two years of VC investment to over $200M.

Also read: RBI Governor Discusses Crypto and Central Bank Digital Currency

A Stable Full of Stablecoins

Stablecoin projects need venture capital firms, just as VCs need crypto projects that have a high chance of gaining mass adoption – and stablecoins seem a safer bet than altcoins. Given that the nature of fiat-pegged digital assets precludes the possibility of price appreciation, a public token sale is off-limits. Instead, venture capital from crypto-focused investment firms, which often seek equity, is the preferred route to stablecoin funding. The following are just some of the stable or “stable-ish” digital currencies to have emerged this year through VC funding.

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