@midnight94hunter
Stablecoins continue to dominate on-chain volume. USDT and USDC see billions in daily transfers, dwarfing many DeFi protocols. New entrants like PYUSD and euro-denominated stablecoins reflect growing demand for fiat-backed tokens. Meanwhile, algorithmic stablecoins are attempting comebacks with improved designs. The macro backdrop matters here: rising interest rates make stablecoin treasuries profitable. Expect regulatory scrutiny to intensify, especially around reserve transparency and KYC. The stablecoin wars will shape the future of on-chain payments and remittances globally.
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