It reminds me of the algorithmic stablecoin of the last cycle, which participated in many projects, earned a lot and was Rug, but few survived in the end, even DAI.
On the other hand, in this cycle, the scale of USDT/USDC continues to expand, USDe rises, and there are new stablecoins such as USDf and USD1 in the future.
In 21 years, everyone is right, stablecoins are indeed the holy grail of blockchain.
E48. Stablecoin Hundred Group Wars: How to Classify, Where Double-Digit Returns Come From, and How Retail Investors Can Get Involved
Stablecoins are definitely the hottest track this year, not only as a bridge between fiat currency and crypto, but also as a wealth management product with annualized double-digit returns
It's tempting to look at, but "if you don't know where the earnings come from, you're the earnings themselves."
So we invited Nothing Research @0x_Todd to take a deep dive 🧵👇
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