The digital assets market is experiencing a wave of new stablecoin launches by various technology and cryptocurrency companies, and even a state, in spite of concerns about their limited use and chances of survival. What Happened: A Financial Times report on Thursday revealed that blockchain-based payments company Ripple Labs, lender Banking Circle, cryptocurrency firm Paxos International, and Hong Kong’s IDA have recently unveiled plans for their own stablecoins. Banking Circle launched its Euro-pegged stablecoin, EURI, last month, compliant with the Markets in Crypto Assets Regulation (MiCA)…
