Stablecoins Drive Blockchain Growth Despite Crypto Slump
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Stablecoins now dominate transaction volumes on major blockchains like Ethereum and Tron, not native cryptoassets.
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Stablecoin usage continues growing steadily despite the crypto bear market. Tether is the most used digital asset globally.
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Bitcoin has resisted stablecoins, but may benefit from embracing them to drive fees and security.
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Ethereum recognized stablecoins' dominance early and aligned incentives via EIP-1559 to benefit ETH.
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Solana and Tron have attracted stablecoin usage with low fees, but it's unclear if this benefits their native tokens.