ETH is basically a stablecoin at this point 

Turns out ETH was the stable coin all along?

I’ve wondered in the past if this could happen. Given the economic layers on top of it, could activity be self-modulated enough to be somewhat consistent over time? Could there be so much else going on on top of it that ETH’s stability is a net benefit?

Not sure it’ll play out like this, I just like the idea of an organic, emergent stablecoin.

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