🚨Massive inflows into Crypto Stablecoins🚨
The total capitalization of stablecoins has surpassed $170 billion, approaching the all-time high set in 2022.
This indicates that new money is entering the crypto market with well-known stablecoins like $USDT and $USDC leading the pack.
Although it isn't happening as quickly or massively as we might prefer, it is occurring steadily.
As stablecoins gain more capitalization, competition among blockchains intensifies.
Each project aims to have its blockchain widely used, boosting its popularity and value.
Stablecoins offer diverse use cases, such as remittances, savings, loans, and cross-border payments, positioning stablecoins as real-world asset for mass adoption.
Finally, the subtle idea that everyone loves to own a digital dollar will serve as a catalyst for new money to flow into the market. This is great for crypto particularly this cycle.
