# DeFi protocols launch stablecoins to lure new users and liquidity, but does it work?
” DeFi protocols launch stablecoins to lure new users and liquidity, but does it work? “ Stablecoin projects have been thrust into the limelight over the past month as the popularity of algorithmic stablecoins and the collapse of the Terra project put a spotlight on the important role dollar-pegged assets play in the crypto market….