Stablecoins is the hottest narrative in Wall Street, Silicon Valley and DC.
Circle stock price is up 7x since IPO a few weeks ago. Stripe bought Bridge for $1.1B. The Treasury Secretary Bessent just said stables could help the U.S. lock in dollar supremacy after Congress passed a bill to allow Bank of America, JP Morgan, Walmart and Amazon and the rest of the S&P 500 to launch their own coins.
So far it’s all benefiting insider elites more than the people and most people still don't even know what a stablecoin is.
Identifying truth underneath narratives is the key to making money. The truth is most stablecoin activity is happening on Ethereum, and the best way for people to benefit is owning ETH.