<p><img src="https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-10/60b714b2-fbf5-4519-8b3d-699d39621004.jpg"></p><p>The stablecoin ecosystem has evolved significantly over the years, with new regulations and models shaping the landscape.</p>