account_circle Cumberland event 21 July 2024

The Growth Potential of Non-USD Stablecoins


The Growth Potential of Non-USD Stablecoins

In Cumberland’s latest research report, we explore a growing corner of the crypto ecosystem that not only checks all the technological prerequisites, but also has a clear product-market fit: the non-USD stablecoin.

In Cumberland’s latest research report, we explore a growing corner of the crypto ecosystem that not only checks all the technological prerequisites, but also has a clear product-market fit: the non-USD stablecoin. Although currently the market cap for all non-USD stable coins rounds to roughly zero – USD stablecoins make up more than 99.3% of the market cap of all fiat-linked stablecoins – there are several developing use cases for non-USD stablecoins that could stimulate considerable growth in the sector. We see an important role for these stablecoins in the healthy development of the ecosystem.

For a thorough investigation of the current state of the market, the exciting use cases, and what factors will ultimately drive the adoption of the sector, please read “The Growth Potential of Non-USD Stablecoins.”

The information (“Information”) provided by Cumberland DRW LLC and its affiliated or related companies (collectively, “Cumberland”), either in this publication or document, or on or through , is for informational purposes only and is provided without charge. Cumberland is not and does not act as a fiduciary or adviser, or in any similar capacity, in providing the Information, and the Information may not be relied upon as investment, financial, legal, tax, regulatory, or any other type of advice. The Information is being distributed as part of Cumberland’s sales and marketing efforts. Cumberland makes no representations or warranties (express or implied) regarding, nor shall it have any responsibility or liability for the accuracy, adequacy, timeliness or completeness of, the Information, and no representation is made or is to be implied that the Information will remain unchanged. Cumberland undertakes no duty to amend, correct, update, or otherwise supplement the Information. In addition, any person wishing to enter into transactions with Cumberland must satisfy Cumberland’s eligibility requirements.

The Information has not been prepared or tailored to address, and may not be suitable or appropriate for the particular financial needs, circumstances or requirements of any person, and it should not be the basis for making any investment or transaction decision. THE INFORMATION IS NOT A RECOMMENDATION TO
ENGAGE IN ANY TRANSACTION. The virtual currency industry is subject to a range of risks, including but not limited to: price volatility, limited liquidity, limited and incomplete information regarding certain instruments, products, or cryptoassets, and a still emerging and evolving regulatory environment. The past performance of any instruments, products or cryptoassets addressed in the Information is not a guide to future performance, nor is it a reliable indicator of future results or performance. Investing in virtual currencies involves significant risks and is not appropriate for many investors, including those without significant investment experience and capacity to assume significant risks. Any person seeking to invest in or trade virtual currencies should do so only after engaging in their own research and obtaining their own advice as to whether virtual currencies may be appropriate in the context of their individual circumstances.

Cumberland is a principal trading and market making firm, and Cumberland may be subject to certain conflicts of interest in connection with the provision of the Information. For example, Cumberland may engage in transactions in a manner inconsistent with the views expressed in the Information, and transactions entered into by Cumberland could affect the relevant markets in ways that are adverse to a counterparty of Cumberland. If any person elects to enter into transactions with Cumberland, whether as a result of the Information or otherwise, Cumberland will be acting solely in its own best interests, which may be adverse to the interests of such persons.

Our insight of the stable coin world

Stay up to date with the latest advancements in the cryptocurrency market and identify the news that can potentially make your business smarter. Find out the role of crypto assets in the financial sector and to newest regulations governing crypto assets.