It reminds me of the algorithmic stablecoins from the last cycle. I participated in many projects, made some money, but also got Rugged a lot. In the end, not many survived, even DAI has become ordinary.
Looking at this cycle, the scale of USDT/USDC continues to expand, USDe is rising, and there are new stablecoins like USDf and USD1 coming up.
Everyone was right in 2021, stablecoins are indeed the holy grail of blockchain.
E48. Stablecoin Hundred Group Battle: How to Classify, Where Double-Digit Returns Come From, How Retail Investors Can Participate
Stablecoins are definitely the hottest track this year, not only serving as a bridge between fiat and crypto but also evolving into financial products with annual double-digit returns.
It looks very tempting, but "if you don't know where the returns come from, then you are the returns themselves."
So we invited Nothing Research @0x_Todd to join us for an in-depth analysis🧵👇
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