Stablecoins market map

What's the end game with having so many different stablecoin projects? I'm not against it, just don't understand why there isn't more consolidation.

I think it's the signal of the early market. In the early days, there are always many competitors, and only after some time we see who won the market and acquired the competitors to consolidate.

Makes sense, I suppose the ecosystems they power could be pretty different.