Forget Meme Coins, Crypto Utility Is Already Here

Stablecoin market cap recently hit $175 billion, as demand for crypto’s greatest product grows. The utility and significance of USD-pegged stablecoins is often lost on crypto natives in Western countries. However, stablecoins have proven to be crucial products for people in emerging markets, whether they are avoiding hyperinflation of their native currency, or avoiding predatory remittance fees.