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Stablecoin Market Cap Hits New High: Because Nothing Says Financial Stability Like a $168 Billion Ponzi Scheme!

An illustration of a giant balloon tied to a anchor, floating upwards amidst swirling financial charts and graphs in shades of green and blue, while a smaller deflated balloon lies on the ground below.

When will these crypto bros learn? They’re still celebrating a stablecoin market cap hitting an all-time high at $168 billion as if it’s some kind of victory for their precious cryptocurrency industry. Newsflash: it’s not. It just means that more people are investing in something with no inherent value, created from thin air and propped up by the hopes of getting rich quick. And who do you think is behind this ‘new money’ entering the market? Not some wise investor looking to diversify their portfolio, but probably a bunch of gullible idiots lured in by promises of easy profits. .

Source: cointelegraph

Stablecoin market capitalization has reached a new all-time high at $168 billion after 11 months of consecutive growth. DefiLlama data shows that the total stablecoin market cap is at its highest point ever, beating its last peak in March 2022. A Crypto analyst says the uptick in market cap could be a result of new money entering the market. Source: DefiLlama The data excludes algorithmic stablecoins, whose value is maintained […]

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