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I asked for stablecoin summer but not like this Not like this
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A lot of "L2s" just got booted to the "other" category after the @l2beat recategorization L2Beat not messing around The Sheriffs of user property rights
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- GENIUS Act passed Senate - Circle up 6.7x from IPO - Tether holds 1.6% of all T-Bills - Treasury Sec calls for $3.7T stablecoins Stablecoin Summer. ๐๏ธ Ethena is the #3 stablecoin right now. Is ENA a buy? Best report i've read by @JustDeauIt. Can't believe this is free.
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Let's extrapolate. If U.S. Treasury Secretary is right & stablecoins grow to $3.7 trillion by 2030 somewhere around 7-10% of the entire U.S. M2 money supply will be on Ethereum. 10% of all world dollars supply on Ethereum. Ethereum = world ledger ETH = world reserve asset
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Tether now holds 1.6% of outstanding T-Bills.
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