After the Terra stablecoin crash that wiped out $60bn of value, what’s left of the market capitalisation of stablecoins?

What is the market size of Stablecoins?

As for 2022, the stablecoins market is $160 billion, which is 10-15% of the whole cryptomarket. In the last two years, it has increased by a factor of 30. And, compared to the crypto market as a whole, the stablecoins market grew 3 times faster over those years.

The three largest stablecoins (representing 90% of the market) are Tether, USDC and BUSD. Until the recent collapse, TerraUSD also fell into that category. Among those stablecoins, Tether is the biggest, with around 50% of market shares.

Some interesting things to note:

  1. Top 10 stablecoins are linked to the US dollar
  2. The three biggest ones are all collateralized stablecoins
  3. DAI (from MakerDAO) is gaining market shares despite small initial traction

Want to learn more about stablecoins, their history and applications? We just release a free 1-hour course to understand everything. And it’s free until Tuesday!  Start you learning for free with our latest course.

What does it take to be a Chief Product Officer?

The role of the Chief Product Officer is to “create products that customers love“.

Two weeks ago, we discovered that half of the Fintech CPOs have a founder background, which was revealing on how well-rounded a Fintech PM must be. But what about the other half?

So we have looked into the backgrounds of Product Managers and discovered that:

  • 48% of them have a background as a Founder,
  • 44% worked in Software Development,
  • 24% worked in BD & Sales
  • 20% worked in Finance

So, what does it take to be a Product Manager?

By looking at their background, we can see that being a CPO in Fintech requires a deep knowledge of 1) data, 2) customers, 3) the industry , 4) regulations and financial infrastructure.

Interestingly, acquiring those skills doesn’t seem to be straightforward at all. This set of versatile abilities is mostly obtained through years of experience and “growing into the role”.

But what about those who wish to learn, but don’t know where to start?

To address that educational gap, we have launched the first programme in the world for Fintech Product Management. Apply today.

Learn the skills of Fintech

Learn the skills of Fintech

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The Centre for Finance, Technology & Entrepreneurship (CFTE) is a global education platform that aims to equip financial professionals and organisations with the necessary skills to remain competitive in a rapidly changing industry. Our leading training programmes, curated by global industry experts, help talent build skills to join the digital revolution in finance. CFTE’s courses are globally recognised with accreditations from ACT, IBF, CPD, SkillsFuture and ABS.

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