Starting to see some non-crypto people discussing stablecoins, stablecoins can only temporarily suppress the bomb of US debt.
The overall flow and capital in the crypto space is still too small,
just the price of Bitcoin allows Wall Street's funds to manipulate the market at will.
The market benefits that stablecoins bring to US debt are very short-lived.
But the emergence of stablecoins shows that the market's "players" still want to covet the wealth effect within the crypto space,
like in the last bull market, due to the promotion of Busd + Defi, BNB and Cake Bake skyrocketed.
Various memes and large chain games are also on the BSC chain.
This time, the players promoting stablecoins already include Sonko and Trump's USD1,
in addition, Bitget has also launched its own BGUSD,
and many exchanges have also launched virtual gold, cryptifying gold, trying to attract funds from all sides.
Seeing how proactive the players are, it indicates that there must be profit to be made in the future,
especially the altcoin season bull market is definitely still ongoing, but I think the term altcoin season needs to change; it should be called altcoin month or altcoin week in the future.