Stablecoins have completely taken over Bitcoin, becoming the new favorite.
Last night, the US Congress passed a bill, and the dollar has started to support stablecoins. This means that stablecoins may be used as money in the future and could potentially replace currency.
Last night, stablecoins surged by 33.82%. In just a few days, they multiplied six times, something other stocks wouldn't even dare to imagine.
Thinking about Bitcoin, as a cryptocurrency, it was initially given away for free and no one wanted it. Now it has surpassed $10 each, and it is truly a god-like existence.
However, the difference is that Bitcoin was just speculated and has no practical significance, whereas stablecoins are cryptocurrencies anchored to fiat currencies via blockchain. Bitcoin is only for investment, but stablecoins can actually be used as money.
Currently, stablecoins are being deployed globally, and it's uncertain how they will develop in the future. Both JD.com and Ant Group in China have already entered the market.