people are generalizing hype around stablecoin related securities and token launches and generalizing this is bullish for all new crypto launches and all crypto assets

imo, this still needs to be proven out and will be a third order effect if/when it happens

but i’ve been saying it for weeks now:

the assets/sectors which makes most sense to be re-rated first based on this shift are ETH and Ethereum-based DeFi

you can see this playing out now, and tbh, the trend has barely started and CNBC and other media outlets haven’t connected the onchain dots yet for their viewers/readers

but they will. bank on it