After a big panic selling of USDT (stable coin) past week.
Now most of the exchanges are looking for their own stable coins. And recently few of them launched their own stable coins like Huobi and few more exchanges. But I don't think such steps will decrease the volatility of BITCOIN. And I have doubt about success of such Coins and their tokens Like BNB, Huobi token, KuCoin token or Digitex Futures Token are good. But Stable Coins might be move Crytpo industry towards regular currencies.. That is already existing (Fiat currencies).
RE: Coinbase and Circle announce stablecoin USDC