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