How i think the stablecoin meta might play out over the next 1-2 years 👇
There are 400+ stablecoins 😮 already deployed, with total market cap nearing $300B. But USDT (~59% per @DefiLlama) and USDC (~25%) remain dominant
But 🦇 vampire attacks in crypto are common & can be very successful
- DEX: @SushiSwap @Uniswap
- NFTs: @opensea @blur_io @MagicEden
- Memecoin launchpads: @pumpdopefun @bonk_fun
- Perps: @HyperliquidX @Aster_DEX @Lighter_xyz
esp when tech & regulatory are unlocked 🔓
With the passage of the GENIUS Act, I expect to see hundreds 💥 of stablecoins launched in the next 1-2 years.
In fact, most stablecoin data sets are out of date and don't capture all the new stablecoins that have just been launched in the last few months. 😱
Comparing stablecoins to other crypto primitives (NFTs, memecoins) 🕵️♀️ can give us a sense of what might happen 🔮:
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