Stablecoin inflows are increasing, but why not crypto? - In the early stages of growth, prices often don't move first. - Ethereum experienced a similar trend in 2019. => The market was quiet, but => stablecoin transactions peaked and prices followed. If it comes down to narrative or price, the answer is price. - Over the past 18 months, - Ethereum-based stablecoin transactions have increased by +200%. - Conversely, the ETH price has fallen by -30%. Clearly, on-chain usage is exploding. The price hasn't yet reflected this.
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