Stablecoin pools could be the next frontier for DeFi By Cointelegraph

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Altcoin Roundup: Stablecoin swimming pools could possibly be the subsequent frontier for DeFi

In instances like these, when all the cryptocurrency market is down and there’s nary a sector-wide runup to be discovered, merchants should dig into knowledge to see how the market dynamics could have modified to pinpoint indicators of recent progress.

Stablecoins are the most recent pattern to emerge within the decentralized finance (DeFi) area as a result of resiliency they carry to the sector, particularly since protocols which might be extra reliant on the dollar-pegged belongings proceed to supply token holders low-risk yield alternatives in turbulent market circumstances.

TVL in good contracts vs. Ether worth decline. Supply: Glassnode
High seven stablecoins by market capitalization. Supply: CoinGecko
Whole market capitalization of the highest 100 DeFi tokens. Supply: CoinGecko