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How to seize the growth opportunities in the stablecoin market?
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You can invest in stablecoin-related protocol tokens, or participate in the airdrop of stablecoin protocols that have not yet issued coins.
Use stablecoins to pay for daily expenses. The use of stablecoins is no longer limited to earning income. Today, there are many solutions that allow users to pay for daily consumption directly with stablecoins without exchanging fiat currencies.
Compared with traditional bank cards, the advantages of cryptocurrency cards include self-custody, zero fees, and solving bank restrictions. Users have full control over their assets without relying on third-party institutions. To attract early users to participate, many cryptocurrency cards currently offer zero-fee services, including no transaction fees, no foreign exchange fees, and no withdrawal fees, which is especially suitable for overseas travel. Cryptocurrency cards provide a convenient solution for users who have difficulty cashing out crypto assets through traditional banking channels.
Although mainstream stablecoin issuers, such as Circle and Tether, have not yet provided direct investment channels to ordinary investors, stablecoin-related protocol tokens are still options worth paying attention to, such as Ethena and MakerDAO/Sky. These protocols have attracted billions of dollars in total locked-in volume and are expected to benefit from the expansion of the stablecoin market. However, it should be noted that both tokens have their own problems. Only 34% of $ENA tokens are currently in circulation, and a high inflation rate is expected in the future. MKR has basically stagnated in TVL growth in the past few years and has failed to benefit from the rapid growth of the stablecoin market. Despite this, on-chain data shows that "smart money" with market insight is increasing its holdings of ENA and MKR, indicating that these tokens may have relatively outstanding performance in the future.
