A growing trend in the world of cryptocurrencies is the use of so-called stablecoins. This according to data compiled by a research company named Diar. In the last 3 months according to Diar, a set of 4 stablecoins has passed $5 billion in on-chain transactions. These coins include the Gemini Dollar, Paxos, True USD and USDC. Last month alone saw a significant increase in stablecoin use. There was a more than 1,000% increase in such usage in comparison with September. At that time, on-chain transactions involving stablecoins totaled a little more than $2 billion. True USD was the only stablecoin to see a decline in the number of on-chain transactions over the 3 month period. But it still saw its number of transactions double from October to November. Paxos, which has raised nearly $100 million, has been particularly popular on the Ethereum blockchain. In the last 3 months, nearly $2 billion in transactions were made with the stablecoin. This is double the usage of USDC, which was developed as a joint venture between Coinbase and Circle. Coinbase is one of the leading cryptocurrency exchanges in North America while Circle is a relatively new cryptocurrency finance company. Recently, many digital currency exchanges have been adding support for stablecoins. Bitfinex and its subsidiary Ethfinex now support Gemini Dollar, Paxos, True USD and USDC. This is in addition to DAI and Tether, which they had already supported. They did this in the hope of keeping their platforms unbiased. Binance, which is another leading cryptocurrency exchange, also recently added support for Paxos, True USD and USDC. They then renamed their Tether Market to Stablecoin Market. This was done so that they could offer support of additional stablecoin trading pairs. In other stablecoin news, Li Xiaolai — who is a major Chinese cryptocurrency investor — is in the process of launching a stablecoin project within Grandshores Technology, which is blockchain fund that is based in Hong Kong. According to reports, this new stablecoin will represent a "stable digital currency system" focused on a set of international fiat currencies.