*Will Clemente believes all of this was because of stablecoin use cases, which included capital efficiency in crypto, giving access to USD to those without banking, among other reasons.*
tldr; Reflexity Research cofounder Will Clemente tweeted that stablecoins are one of the few crypto use cases that have found product market fit despite the current market condition. The aggregate volume for the top four stablecoins surpassed $30 billion recently. The number of stablecoin active addresses has returned to its 2021 peak.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I’m not surprised. Stablecoins offer a number of advantages especially in payments or as a store of value. I would recommend the fully backed and audited stablecoins like USDC, BUSD, EEUR, and EURC. Also avoid algorithmic stablecoins.
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well, it’s better than extreme volatilty in some cases
The people will not be broken
Hey there slugger! In a hurry?
*Will Clemente believes all of this was because of stablecoin use cases, which included capital efficiency in crypto, giving access to USD to those without banking, among other reasons.*
Off you go now.
It is normal, people are looking for less volatility so they go for stable coins
tldr; Reflexity Research cofounder Will Clemente tweeted that stablecoins are one of the few crypto use cases that have found product market fit despite the current market condition. The aggregate volume for the top four stablecoins surpassed $30 billion recently. The number of stablecoin active addresses has returned to its 2021 peak.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Yes… that’s what stable coins are for… Keep it stable
Despite? Isn’t it a good place to store your gains for the winter?
I’m not surprised. Stablecoins offer a number of advantages especially in payments or as a store of value. I would recommend the fully backed and audited stablecoins like USDC, BUSD, EEUR, and EURC. Also avoid algorithmic stablecoins.
Coins are still being used. Almost nothing has changed except the prices of the assets even though most of them remained the same