Stablecoins Steal the Spotlight: CoinDesk’s Weekly Market Dominance Report
Stablecoins aren't just riding the wave—they've become the ocean. As volatility shakes crypto's foundations, dollar-pegged tokens are eating the market's lunch.
Why the frenzy? Traders flock to stability when BTC plays pinball with support levels. Meanwhile, DeFi's yield farmers park profits in USDT like it's a high-yield savings account—if banks offered 8% APY without the paperwork.
The irony? These 'stable' assets now drive more action than half the alts in the top 20. Guess Wall Street was right about one thing—everyone loves fake dollars, even in crypto.