We will see 1000 types of stablecoins (and why most will fail)

This stablecoin analysis and forecast suggests that as platforms seek to monetize user balance, we will see up to 1000 new stablecoins emerge.

However, most will fail because liquidity and network effects are deeply entrenched in the open market, making it difficult for USDC and USDT to be shaken. New stablecoins are likely to succeed mainly within closed or custodial systems (such as wallets and centralized exchanges), becoming profitable "walled gardens."

In these systems, the operators have sufficient control and leverage to enforce their own tokens, but in the external open market, liquidity remains the key to survival.

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