Forget bitcoin: stablecoins will change how money works

Even as the most infamous cryptocurrencies crash, new ones are already emerging that are designed to peg their value to fiat currencies and recover the dream of new forms of money moving on new rails to everyone’s advantage.

On Monday October 8, research firm Autonomous Next published its latest monthly figures for the volume of funds raised through initial coin offerings (ICOs), the revolutionary mechanism for founders of new crypto companies exploring ways to exchange value and ownership of assets through tokens on blockchains to build their otherworldly visions into real businesses. 

ICO funds raised by end-month ($ million) 

ICO_funds-chart-780
    
Source: Autonomous NEXT, Pitchbook Data, China Microlenders

The peak month for ICOs was January this year, when new blockchain based companies raised $2.43

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