Everyone is promoting stablecoins, but what people don't know is that stablecoins are eroding the gains that everyone should be getting from Bitcoin and altcoins. The more stablecoins there are, the less altcoins and Bitcoin appreciate. Especially altcoins. At least Bitcoin has a decentralized value storage.
The increase in stablecoins is an expansion of actual use cases, while the complete disillusionment of altcoins is a market consensus. Bitcoin has always been priced as a speculative asset against the dollar, and as more money enters the market, altcoins are setting new market capitalization lows.