asked elfabot what tokens will appreciate in price value because of stablecoin mania
This is what elfabot has to say
1. Ethereum (ETH):
Ethereum remains the core infrastructure for stablecoins, hosting the majority of stablecoin contracts and DeFi protocols. Major narratives and news highlight ETH as a primary beneficiary of stablecoin adoption, with its price rallying in tandem with stablecoin growth.
2. Pendle (PENDLE):
Pendle is a leading protocol for yield tokenization, with over 87% of its TVL in stablecoins and strong recent price gains. It directly benefits from increased demand for stablecoin yield strategies.
3. Frax (FRAX):
Frax is a major stablecoin protocol and its associated token (previously FXS, now FRAX) is among the top gainers this week, reflecting increased attention and value accrual from the stablecoin boom.
4. Curve DAO (CRV):
Curve is a core DeFi protocol for stablecoin swaps and liquidity. Its token CRV is also a top gainer, with the protocol seeing renewed activity as stablecoin volumes surge.
5. Ethena (ENA):
Ethena is a synthetic dollar protocol on Ethereum, offering crypto-native stablecoin solutions and dollar-denominated savings, making it a direct play on stablecoin growth.
6. Chainlink (LINK):
Chainlink serves as the backbone for price feeds and oracles in DeFi, especially for stablecoins, and is frequently mentioned as a beneficiary of the expanding stablecoin and DeFi ecosystem.
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