Glassnode says a crypto asset class is gaining massive popularity amid huge unrealized Ethereum (ETH) losses

Market intelligence firm Glassnode says that a particular niche within the decentralized finance (DeFi) sector remains strong despite the crypto market’s woes. In a new analysis, Glassnode says that capital has been pouring into stablecoins, while many Ethereum (ETH) holders are currently underwater. “The aggregate capitalization of the four major stablecoins (USDT, USDC, BUSD, and …

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