Scoop on @TheTerminal now: Was able to view the latest draft of the House's stablecoin bill and it would place a two-year ban on stablecoins similar to TerraUSD.
(1/21) $USDC, $FRAX, $DAI, $sUSD, $MIM, now $GHO, soon $dpxUSD, wen end???
Everyone is issuing their own stablecoin. Why are they doing it? What does it mean? Is this good for De-Fi?
Read on to learn more about stablecoins and their role in De-Fi.
Over the last two years, the dominance of #Tether has been in macro decline.
$USDT has fallen from 88.3% of the stablecoin market, to 45.2% today, now less than half of the market.
$USDC dominance has grown 4.2x, $BUSD by 7.5x, and $DAI by 3.9x over the same 2y timeframe.
Since 6/24/2021 $crv has experienced 3% deflation due to @ConvexFinance alone. Not including the many other federation participants, nor retail actors.
#TheLockening🔒has gone crazy!🤯
I'm having a hard believing this unprecedented amount of CRV pouring into Convex is just from the surprise $4m fee distribution.
Something else seems to be a afoot....
$CRV 👑 $CVX
It’s no secret that many of us hold stables in this market. When researching the best places to park those assets for the greatest possible return we thought to ourselves “someone should put this in a blog” so we did. #mentallystable#stablecoins#stablecoin#YieldFarming#DeFi