Ethereum $ETH just lost its #2 spot...



...to a coin whose entire job is to stay at $1.

Markets are speaking.
ETH0.49%
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GateUser-d6fb8ff1
· 7h ago
USDC’s market cap has overtaken ETH, indicating that the hardest on-chain demand right now is withdrawal channels, not smart contract platforms.
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GateUser-1c5ab2b5
· 9h ago
Stablecoin market cap has surpassed ETH—this is rather ironic. People would rather hold a dollar-equivalent in the form of real estate than bet on Ethereum’s future.
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