Degen

💲 DeFi Summer Revival For Stablecoin-Related Tokens?

Circle, the company behind USDC (the second most used stablecoin after USDT), has launched its IPO on the New York Stock Exchange under the ticker $CRCL. It is considered the most important IPO in the crypto sector since Coinbase in 2021 ($COIN). Cathie Wood (ARK) invested 150 million and Larry Fink (BlackRock) 60 million.  A good performance of $CRCL (very likely) on the stock market could increase confidence in crypto, especially in projects related to stablecoins and their Yield.

Which Governance tokens could benefit? 
$ENA : USDe issuer. 

$MKR  ( $SKY ): DAI issuer. 

$LQTY : LUSD issuer. 

$FXS : FRAX issuer. 

$SNX : SUSD issuer. 

$PENDLE : Future yield trading. 

$AAVE : More fees for AAVE stakers. 

$COMP : Similar to AAVE. 

$GEAR : DeFi leverage. 

$SYRUP : Institutional lending. 

While Ondo Finance is more closely related to TradFi, $ONDO should not be underestimated either.