It's hard, though, to measure stablecoins' value independently of the core cryptos. A big thing that drives their adoption is that crypto exchanges such as Bina

It's hard, though, to measure stablecoins' value independently of the core cryptos. A big thing that drives their adoption is that crypto exchanges such as Binance don't let you have fiat holdings, which means that stablecoins might be the closest thing a crypto trader can have to a cash reserve. In other words, if not for the fact that there are structures in place that make it difficult to exchange Bitcoin for fiat currency, I would guess that, for most people's purposes, USDT would just be a chintzy knock-off of USD.