It’s no secret that stablecoins are meant to be stable. The question is: do they have stable business models capable of earning profits for the companies behind them?
The short answer is that, in many cases, they do. However, as the cryptocurrency industry matures one of the main selling points of stablecoins – the current absence of convenient fiat-crypto onramps – could become endangered.
"Most stablecoin projects are designed to make a profit for their founders, usually from transaction fees," Glen Goodman, the author of The Crypto Trader, told Cryptonews.com.